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364 Regent St

2,620 SF Specialty Building Offered at $329,130 USD in Orillia, ON L3V 4C8

INVESTMENT HIGHLIGHTS

  • Located in prime residential area
  • Plenty of surface parking
  • I2-1 Zoning

EXECUTIVE SUMMARY

Calling all builders, developers, and organizations seeking a prime location! This perfectly rectangular 75x115 ft corner lot in a desirable residential area presents a rare opportunity. With permitted residential uses under the future I2-1 zoning, this under-utilized site could easily accommodate a variety of developments, including townhouses, stacked towns, or a small mid-rise apartment building. Additionally, its current zoning allows for uses such as Montessori schools, nurseries/daycares, or places of worship.
Previously used as a church, this meticulously maintained property features a 947 sqft main floor with an open concept worship area and a 244 sqft mezzanine flooded with natural light. The additional 925 sqft finished basement includes two 2-pc washrooms, a full kitchen, and an open area, providing ample space for various activities.
Conveniently located just 3 minutes from Highway 12, the property offers surface parking for 15 cars. Recent updates include a new roof, A/C unit, alarm system, and fiberoptic connectivity.
Extras: This property is offered with all existing light fixtures and window coverings included. Don't miss out on this exceptional opportunity to create something remarkable in a sought-after location!

PROPERTY FACTS

Price $329,130 USD
Price Per SF $125.62 USD
Sale Type Investment
Property Type Specialty
Property Subtype Religious Facility
Building Class C
Lot Size 0.24 AC
Building Size 2,620 SF
No. Stories 3
Year Built 1900
Parking Ratio 5.73/1,000 SF

ZONING

Zoning Code I2-1 (Institutional Zone)
I2-1 (Institutional Zone)
  • Listing ID: 31073574

  • Date on Market: 2/28/2024

  • Last Updated:

  • Address: 364 Regent St, Orillia, ON L3V 4C8

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