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Neeraj Moolchandani

neeraj.moolchandani@exprealty.com +1(289) 544-0278

$ 645,000

Est. payment | -/mo

3 Beds

2 Baths

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$ 645,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision Orillia

MLS Listing ID S13775546

Style Bungalow

Bedrooms 3

Annual Tax Amount $3,265

Tax Year 2026

Property Sub-Type Detached

Property Description

390 Mississauga St W, Orillia - Oversized R2 Lot with Severance & Value-Add Upside. An opportunity built for investors, builders, and value-add buyers. This 3-bedroom, 2-bathroom bungalow sits on a rare 90 x 114.75 ft lot - over 10,000 square feet, close to double the size of many neighbouring parcels - in an established, high-demand Orillia neighbourhood serviced by municipal water and sewer. The numbers tell the story. Recent comparable sales in the immediate area range to the high $700s, with 3-bedroom homes trading around $600,000 and typically selling within a month. The property currently carries low holding costs, with annual taxes near $3,300 - attractive for a buy, improve, and reposition strategy.The real upside is the land. With wide frontage and significant depth, the lot holds potential for a two-lot severance into two serviced R2 building lots, subject to City of Orillia approval - a path that could unlock aggregate land value well above a single as-is sale. Alternatively, hold and rent, or execute a cosmetic renovation to capture the spread between as-is pricing and updated comparables. Multiple exit strategies, one address: Value-add flip - refresh finishes, resell to the owner-occupier market or live in Sever & build - pursue consent for a second building lot (pending municipal approval) Buy & hold - solid bones, low carrying costs, strong rental demand near downtown and Lake Couchiching Built in 1964 with a functional single-level layout, full basement, and 2-car carport, this is a genuine land-and-location play in a market with proven, steady demand. Priced as-is to reflect its upside. Bring your strategy - book your private viewing today.

Location

Province ON

County Simcoe

Area Simcoe

Rooms

Family Room No

Basement Partially Finished

Kitchen 1

Separate Den/Office 1

Interior

Interior Features Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Canopy, Deck, Year Round Living

Parking Features Private, Tandem

Pool None

Waterfront Description None

Roof Type Metal,Asphalt Shingle

Topography Flat,Level

Road Frontage Year Round Municipal Road

Lot Frontage 91.75

Lot Depth 114.63

Total Parking Spaces 3

Building

Unit Features Hospital,Marina,School

Foundation Block

Others

Security Features None

ParcelsYN Yes

Virtual Tour https://media.onerooflistings.com/sites/rojpyzyz/unbranded

Listed by RE/MAX REALTY ENTERPRISES INC.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(289) 544-0278

neeraj.moolchandani@exprealty.com

390 Mississauga ST W Orillia, ON L3V 3C5

Neeraj Moolchandani

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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390 Mississauga ST W