C$285,000

Great development opportunity in Orillia's desirable West Ward. This vacant residential lot is ideally located on a public transit route and close to schools, parks, shopping, downtown amenities, and easy highway access. Zoned R2, the property permits a range of residential development options, including the potential for up to four dwelling units, subject to municipal approvals, zoning requirements, parking provisions, and applicable regulations. Added value comes with a $15,790 Development Charge Demolition Credit available to the Buyer (subject to municipal policies and timelines), resulting from the demolition of the former dwelling in 2024. The property also benefits from an existing sanitary sewer service connection located on the lot, potentially reducing future servicing costs. In addition, the $2,000 parkland dedication fee-in-lieu has already been paid by the Seller. Whether you're a builder, investor, or future homeowner looking to maximize development potential, this is an opportunity to secure a well-located residential lot in one of Orillia's established neighbourhoods. (We kindly ask that you do not enter property without an appointment).