345 Atherley Road, Orillia, ON L3V 1N9
Orillia
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 345 Atherley Road, Orillia, ON L3V 1N9
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MLS# S13026964
Listed by Signature Elite Realty Ltd.
On market since Apr 21, 2026
345 Atherley Road, Orillia, ON L3V 1N9 is listed for $525,000 CAD.
345 Atherley Road, Orillia, ON L3V 1N9 is a Industrial, 4,158 sq ft.
345 Atherley Road, Orillia, ON L3V 1N9 is in Orillia, Ontario.
345 Atherley Road, Orillia, ON L3V 1N9 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 345 Atherley Road, Orillia, ON L3V 1N9 (MLS# S13026964). You can also send a message through the contact form on this site.
