50 DUNEDIN Street, Orillia, ON L3V 5T5

Orillia L3V 5T5 Ontario

MLS: S12088288

$999,000

Added 7 days ago | For Sale

Listed by: SUTTON GROUP-ASSOCIATES REALTY INC.

About Property

Prime Investment Opportunity **Parking Lot & Rental Property in Orillia.** Don't miss this rare opportunity to own a **high-traffic parking lot** in Orillia, located directly across from the emergency entrances of Soldiers Memorial Hospital. Featuring **13 parking spaces** with continuous demand, this property generates excellent income and is equipped with a **modern remote-controlled entry, on-site camera and exit gate system** for easy operation. Also included is a **1,100 sq. ft. rental home**, currently leased with tenants covering utilities, featuring a **new furnace and re-shingled roof**. Sold as-is, the property offers excellent redevelopment potential, including **removing the existing home for new-build opportunities or potential lot severance**. With **HC2 zoning**, the site permits **a wide range of uses**, such as senior housing and residential developments. As Orillia's waterfront continues to transform with new condos, this location presents an outstanding investment opportunity. L Shape Lot: Parking Lot 46 ft x 152 ft depth, House 75 ft x 68 ft depth.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 46 X 152
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:DUNEDIN AT COLBOURNE ENTRANCE ON COLBOURNE
  • Basement: ,
  • Possession Date:90 days notice for vacant possession
  • Annual Property taxes: $7013.37
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:S12088288

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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