$225,900
For sale: Vacant Land

Vacant Land For Sale! Seller Financing Available. A great opportunity to build on a large ~1/4 acre lot in a convenient downtown Orillia location. This property offers the potential to build a large triplex, making it a strong option for investors, extended families, or anyone looking for future rental income. The proposed concept includes a well-designed triplex with 9 bedrooms, plus the potential for a garden suite. Together, this could generate approximately $10,000/month in rental income, offering excellent cash flow potential. The lot also features a large, sunny, south-facing backyard with mature trees, creating a great outdoor space for future owners or tenants. Located close to shopping, restaurants, entertainment, downtown Orillia, McKinnell Square, the Orillia Rec Centre, Georgian College, local markets, breweries, parks, museums, and more. Orillia is a four-season community surrounded by lakes, trails, and recreation, making this a great mix of lifestyle and investment opportunity.
Sold data
Homes in Orillia took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 60, across 156 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.
The median sale price was $590,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 156 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$224,900
Vacant Land7509 BALDWIN LANE, Rural Ramara, Ramara

$225,000
Vacant Land5123 SEVERN PINES CRESCENT, Rural Severn, Severn

$214,900
Vacant Land79 WAVERLEY HEIGHTS, Waverley, Tay

$214,900
Vacant Land69 WAVERLEY HEIGHTS, Waverley, Tay

$245,000
Vacant Land2886 WARREN ROAD, Brechin, Ramara

$275,000
Vacant Land1366 WILSON POINT ROAD, Rural Severn, Severn

$209,900
Vacant LandLOT 12 STANLEY ROAD, Carden, Kawartha Lakes

$285,000
Vacant Land256 HARVEY STREET, Orillia, Orillia