For Sale: 155 Atherley Road, Orillia, ON - REW
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$549,900
5 bd • 2 ba • 700 - 1099 sf • Multifamily
155 Atherley Road
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$549,900
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155 Atherley RoadOrillia, ON, L3V 1N5

  • 5 Bed
  • 2 Bath
  • 700 - 1099 Sqft
  • Multifamily

About this home

Welcome to 155 Atherley Road in Orillia - an excellent opportunity for investors, first time buyers, or those looking for future development potential. This versatile property features two self-contained apartments, offering flexibility for a variety of living and income-generating arrangements. The upper unit includes 3 bedrooms, while the lower unit offers 2 spacious bedrooms-ideal for extended family living or rental income. The home has been recently painted throughout and shows exceptionally well, making it move-in ready. Additional updates include new flooring, countertops, light fixtures and more. With the property currently vacant, buyers have the rare advantage of setting their own rents or occupancy plans from day one. Projected rental income is strong, with estimates of approximately $2,100/month for the upper unit and $1,750/month for the lower unit. Whether you choose to live in one unit and rent the other, lease both units as a full investment property, or explore future redevelopment options, the possibilities here are substantial. An added highlight is the potential to create a separate entrance off Millard Street, which may allow for a duplex or 4-plex as per city zoning - further enhancing the property's income potential and long-term value (subject to municipal approvals). Located in a desirable area of Orillia close to amenities, parks, and walking distance to Tudhope Park on Couchiching Lake, this property is a smart addition to any real estate portfolio or a flexible option for homeowners seeking supplemental income. NOTE for builders: the property beside this one is also for sale. Buying both would allow for even more options for its use! (id:63626)
Listed by: STEVE GUNSON, Salesperson, Sutton Group Incentive Realty Inc. Brokerage

Home facts and features

Price details
List Price
$549,900
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Gross Taxes for 2026
$2,585
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
5
Parking Details
Garage, Carport
Property Type
Multifamily
Depth
191.3 feet
Frontage
50.0 feet
Style
Raised bungalow
Exterior Finish
Steel, Brick
Heating Type
Forced air, Natural gas
Basement Details
Finished, Full, Walk out, ,
Features
Level lot
Appliances
Two Refrigerators, Two stoves
Agent details
Primary Agent
STEVE GUNSON
Primary Broker
Sutton Group Incentive Realty Inc. Brokerage
Listing details
Days on REW
32 Days
MLS® Number
S13085826
Source
Canadian Real Estate Association
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25 Years
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Property Insights

St Bernard's School
  • Catholic
  • JK - 8
Regent Park Public School
  • Public
  • JK - 8
Orillia Christian School
  • Private
  • JK - 8
Orillia Campus School
  • Public
  • 9 - 12
Lions Oval Public School
  • Public
  • JK - 8
Harriett Todd Public School
  • Public
  • JK - 8
Orillia Secondary School
  • Public
  • 9 - 12
Twin Lakes Secondary School
  • Public
  • 9 - 12
ÉÉC Samuel-de-Champlain
  • Catholic
  • JK - 6
Orchard Park Elementary School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
STEVE GUNSON
Phone:
(705) 739-1300
Office:
705-739-1300
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