155 Atherley Road Orillia, Ontario L3V 1N5
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$564,900
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:50638)
Property Details
| MLS® Number | S13071864 |
| Property Type | Single Family |
| Community Name | Orillia |
| Equipment Type | Water Heater |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Appliances | Two Stoves, Two Refrigerators |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Features | Walk Out |
| Basement Type | N/a, N/a (finished), Full |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Steel, Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 700 - 1,100 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Carport | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 191 Ft ,3 In |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 191.3 Ft |
| Size Total Text | 50 X 191.3 Ft|under 1/2 Acre |
| Zoning Description | Res |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Kitchen | 2.7 m | 2.8 m | 2.7 m x 2.8 m |
| Lower Level | Family Room | 3.87 m | 2.2 m | 3.87 m x 2.2 m |
| Lower Level | Bedroom | 4.3 m | 3.47 m | 4.3 m x 3.47 m |
| Lower Level | Bedroom | 4.3 m | 2.51 m | 4.3 m x 2.51 m |
| Main Level | Living Room | 4.93 m | 3.55 m | 4.93 m x 3.55 m |
| Main Level | Kitchen | 3.05 m | 2.43 m | 3.05 m x 2.43 m |
| Main Level | Primary Bedroom | 4.9 m | 3.66 m | 4.9 m x 3.66 m |
| Main Level | Bedroom | 2.65 m | 2.53 m | 2.65 m x 2.53 m |
| Main Level | Bedroom | 2.6 m | 2.5 m | 2.6 m x 2.5 m |
https://www.realtor.ca/real-estate/29688381/155-atherley-road-orillia-orillia
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May 01 2026 09:41:11
Toronto Regional Real Estate Board
Sutton Group Incentive Realty Inc.