ON > Simcoe > Orillia
Simcoe, ON L3V 5E7,385 & 387 West ST N
Simcoe, ON L3V 5E7,385 & 387 West ST N
Simcoe, ON L3V 5E7,385 & 387 West ST N
Simcoe, ON L3V 5E7,385 & 387 West ST N
Simcoe, ON L3V 5E7,385 & 387 West ST N
Simcoe, ON L3V 5E7,385 & 387 West ST N
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 1,499,000
Est. payment | /mo

5 Beds

Save
$ 1,499,000
Est. payment | /mo
Save

5 Beds

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Orillia

MLS Listing ID S12479016

Bedrooms 5

Annual Tax Amount $9,675

Tax Year 2025

Property Sub-Type Investment

Property Description

Excellent Investment Opportunity! 387 West St N is being sold together with 385 West St N - both properties must be purchased as a package. 385 West St N features 3 fully rented units. 387 West St N features 5 fully rented units. All tenants on month-to-month terms paying market-value rents. Together, these properties offer a strong, stable income stream and great future development potential. Positive cashflow!! While you get your development plan ready you will also generate a positive cashflow!! Intensification Area Land! Fabulous Investment Opportunity! City of Orillia Official Plan has been consolidated on June 2nd, 2025. All tenants willing to stay. Great Property Manager who takes care of all aspects of the property. Handsfree investment opportunity. The property offer a 190' Frontage By 257' depth (1.12 acres) suitable for redevelopment. The site is located within Orillia's "Intensification Area" designation - a zoning context aimed at supporting higher-density, mixed-use development. Under the City of Orillia Official Plan consolidated on June 2nd, 2025 for the Intensification Area, permitted uses include: - Stand alone multiple unit residential buildings, including all forms of townhouses and apartment buildings - Mixed use buildings combining residential units with retail, service, or office uses - Tourist accommodations, live work units, communal housing (with ancillary services) - Home occupations, elementary & secondary schools, places of worship (Church etc.), child care facilities, stand alone retail/restaurant/office/service commercial uses - Additional dwellings in existing residential dwellings, parks & recreation facilities, and public & private utilities. A Minute Away From Hwy 11. The Convenience Of Shopping, Tim Horton's, Business Depot & Canadian Tire. Close by to Golf, Parks, Baseball diamond and play grounds. Less Than 2 km From Lakehead University. Close To Orillia Square Shopping Center. Right Beside Orchard Park Public School.

Location

Province ON

County Simcoe

Community Orillia

Area Simcoe

Rooms

Kitchen 5

Interior

Heating Yes

Cooling No

Heat Source Gas

Exterior

Community Features Major Highway, Public Transit

Utilities Available Yes

Lot Frontage 190.0

Lot Depth 257.9

Building

Building Age 51-99

Others

Security Features No

ParcelsYN No

Listed by ROYAL LEPAGE IGNITE REALTY
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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