345 Atherley Road,Orillia, ON L3V 1N9
Orillia, ON L3V 1N9
Description
Rare opportunity to acquire a freestanding 4,000 sq ft commercial building on a 50 x 190 ft lot (approx. 0.36 acres) along the high-exposure Atherley Road / Highway 12 corridor - one of Orillia's primary entry routes toward Lake Couchiching and downtown. The property is zoned C4i (mixed commercial/residential), offering a wide range of permitted uses including commercial operations, residential intensification, and potential multi-residential conversion subject to municipal approvals. Zoning for multi units, great development opportunity, conversion to multi-units, affordable housing, etc. The site features two grade-level access doors, rear yard access, approximately 3-metre ceiling height, and full municipal services including hydro, gas, and wastewater. Currently tenanted at $3,000/month + HST on a month-to-month basis, providing immediate holding income while an investor plans their next move. The building has operated as a commercial retail space for over 50 years, most recently as Orillia Carpet Discounters. A clean Phase I Environmental Site Assessment (June 2022) confirms no contamination, no fuel tanks, no hazardous materials, and no Phase II required - significantly reducing risk for investors and lenders. Ideal for redevelopment investors, small multifamily developers, owner-users, and mixed-use repositioning buyers.
Details
| MLS # | S13026964 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 121 |
| Listing Provided By | Signature Elite Realty Ltd. | S13026964 20014700 |
Features
| SQ Feet | 4,158 |
|---|---|
| Acreage | 0.10 |
Interior
| Cooling | Partial |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Available |
|---|
Taxes
| Tax Annual Amount | 7000 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | LT 263 PL 895 ORILLIA; ORILLIA |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 1N9 |
| Area | Orillia |
| Listing VS Median (in L3V 1N9) | |
Price: $525,000 low | high Med: $525,000 sqft: 4,158 low | high Med: 4,158 $ / sqft: $126 low | high Med: $126 On site: 121 low | high Med: 121 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 1N9 |
| Area | Orillia |
| Listing VS Median (in L3V 1N9) | |
Price: $525,000 low | high Med: $525,000 sqft: 4,158 low | high Med: 4,158 $ / sqft: $126 low | high Med: $126 On site: 121 low | high Med: 121 | |
