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$564,900
Ontario,Orillia
For Sale Active
155 ATHERLEY ROAD, Orillia, Ontario L3V1N5
  • 5
  • 2
  • 700 - 1100Square Feet
Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: S13071864
  • Price: $564,900
  • Bedrooms: 5
  • Bathrooms: 2
  • Square Footage: 700 - 1100 Sqft
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 294136
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
  • Basement: Finished, Full, N/A, Walk out
  • Parking: Garage, Carport
  • Architectural Style: Raised bungalow
  • Exterior Features: Brick, Steel
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Orillia, L3V1N5
  • Street: ATHERLEY
  • Street Number: 155
  • Street Suffix: Road
  • Longitude: W80° 35' 40.1''
  • Latitude: N44° 36' 19.4''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 50 x 191.3 FT
  • Stories: 1.0
Financial
  • Tax Annual Amount: 2585
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Listing updated: 2026-05-04 08:31:52
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Listing Information
  • List Agent Key: 2187325
  • List Office Key: 294136
  • Modification Timestamp: 2026-05-01T21:50:50Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-05-01T21:41:11Z
Powered by REALTOR.ca
Listing updated: 2026-05-04 08:31:53
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