155 ATHERLEY Road, Orillia, ON L3V 1N5
Orillia
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!
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 155 ATHERLEY Road, Orillia, ON L3V 1N5
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MLS# S13071864
Listed by SUTTON GROUP INCENTIVE REALTY INC.
On market since May 1, 2026
What comparable homes actually sold for in the last 12 months.
155 ATHERLEY Road, Orillia, ON L3V 1N5 is listed for $564,900 CAD.
155 ATHERLEY Road, Orillia, ON L3V 1N5 has 5 bedrooms and 2 bathrooms.
155 ATHERLEY Road, Orillia, ON L3V 1N5 is a Detached.
155 ATHERLEY Road, Orillia, ON L3V 1N5 is in Orillia, Ontario.
155 ATHERLEY Road, Orillia, ON L3V 1N5 is currently for sale.
The annual property taxes on 155 ATHERLEY Road, Orillia, ON L3V 1N5 are approximately $2,585 CAD.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 155 ATHERLEY Road, Orillia, ON L3V 1N5 (MLS# S13071864). You can also send a message through the contact form on this site.
