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
What comparable homes actually sold for in the last 12 months.
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 Alex Morgan at +16471112222 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.
