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    For Sale - 390 Mississauga Street, Orillia, Ontario

    Est payment $3,097/mo
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    Time on Jump  1 days

    AI Summary *

    • Oversized R2 lot offers potential for severance and development opportunities.
    • 3-bedroom bungalow with low holding costs and strong rental demand.
    • Established neighborhood with recent sales indicating solid market value.
    • Flexible options for investors: renovate, hold, or sever into two lots.
    • Functional single-level layout with full basement and two-car carport.




    390 mississauga st w, orillia - oversized r2 lot with severance & value-add upside. An opportunity built for investors, builders, and value-add buyers. This 3-bedroom, 2-bathroom bungalow sits on a rare 90 x 114. 75 ft lot - over 10,000 square feet, close to double the size of many neighbouring parcels - in an established, high-demand orillia neighbourhood serviced by municipal water and sewer. The numbers tell the story. Recent comparable sales in the immediate area range to the high $700s, with 3-bedroom homes trading around $600,000 and typically selling within a month. The property currently carries low holding costs, with annual taxes near $3,300 - attractive for a buy, improve, and reposition strategy. The real upside is the land. With wide frontage and significant depth, the lot holds potential for a two-lot severance into two serviced r2 building lots, subject to city of orillia approval - a path that could unlock aggregate land value well above a single as-is sale. Alternatively, hold and rent, or execute a cosmetic renovation to capture the spread between as-is pricing and updated comparables. Multiple exit strategies, one address: value-add flip - refresh finishes, resell to the owner-occupier market or live in sever & build - pursue consent for a second building lot (pending municipal approval) buy & hold - solid bones, low carrying costs, strong rental demand near downtown and lake couchiching built in 1964 with a functional single-level layout, full basement, and 2-car carport, this is a genuine land-and-location play in a market with proven, steady demand. Priced as-is to reflect its upside. Bring your strategy - book your private viewing today.
    Listing IDS13775546
    Address390 Mississauga Street
    CityOrillia, Ontario
    Price$645,000
    Bed / Bath4 / 2 Full
    StyleBungalow, Detached
    ConstructionAluminum Siding
    Land Size10506
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Carpet Free, Primary Bedroom - Main Floor, Water Heater OwnedOutdoor Features Canopy, Deck, Year Round LivingAmenities Hospital, Marina, SchoolOwnership FreeholdWaterfront NoneBasement Partially FinishedFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  RE/MAX REALTY ENTERPRISES INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    390 Mississauga Street
    Orillia , Ontario
    4 2 $645,000
    Get more info