56 Barrie Road

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Orillia , located at 56 Barrie Road, Orillia. This impressive duplex, with its rich history and modern updates, is an ideal investment for those seeking both comfort and financial potential. With a generous 1,658 square feet of living space, this property stands as a testament to quality and versatility, making it an attractive choice for savvy investors and families alike.

As you approach the property at 56 Barrie Road, Orillia, you will immediately appreciate the charming brick exterior that speaks to its enduring character. The building, a well-maintained 2-storey multiplex, boasts a spacious layout featuring a total of seven rooms, including two kitchens that cater to the needs of its dual occupancy. This Multi-Family Home for sale in Orillia is designed to accommodate two separate units: a two-bedroom main level unit and a one-bedroom upper level unit, both currently occupied by reliable tenants. This arrangement not only offers immediate rental income but also provides a prime opportunity for investors looking to expand their portfolio.

The property is situated on a desirable corner lot measuring 83 X 82 feet, with the added benefit of two separate driveways and parking space for up to five vehicles. This is a significant advantage in a bustling area like Orillia, where parking can often be a challenge. Additionally, the charming covered porch, accessible from the main level unit, offers a delightful space for relaxation, allowing residents to unwind in any season.

While the Multi-Family Home for sale in Orillia does not feature a pool or fireplace, it compensates with its superb location. Just minutes away from essential amenities such as the Orillia Soldiers Memorial Hospital, shopping centres, and a variety of restaurants, residents will find everything they need within easy reach. The vibrant community of Orillia is known for its year-round events and weekend attractions, making it an appealing place to live and invest.

Although the property does not come with air conditioning or a central vacuum system, it does feature forced air heating and is connected to municipal water and sewer services, ensuring convenience and reliability. The unfinished basement presents an opportunity for further development, allowing new owners to customise the space to their liking or to enhance the property's overall value.

With an age of over 100 years, this Multi-Family Home for sale in Orillia carries a sense of history and charm that is hard to replicate. Its enduring appeal is matched by its potential for modern living, making it a sound investment for those looking to capitalise on the growing interest in the Orillia area.

In conclusion, 56 Barrie Road, Orillia, is not just a property; it is a gateway to a thriving community with a promising future. Whether you are an investor seeking reliable income or a family looking for a spacious home, this Multi-Family Home for sale in Orillia offers the perfect blend of opportunity and lifestyle. Don't miss your chance to explore this exceptional property—visit our website for more detailed information and to arrange a viewing today.

Orillia, nestled in the heart of Ontario, Canada, is a charming city renowned for its picturesque waterfront along Lake Couchiching and the stunning shores of Lake Simcoe. This vibrant community boasts a rich tapestry of natural beauty, with lush parks, scenic trails, and a lively downtown area filled with boutique shops, cafés, and cultural attractions. Residents enjoy a blend of small-town warmth and urban amenities, with a strong sense of community spirit evident in local events and festivals. The area's recreational opportunities, from boating and fishing to hiking and cycling, make it an ideal place for those who appreciate an active lifestyle amidst stunning landscapes. With its friendly atmosphere and welcoming residents, Orillia offers a delightful setting for anyone looking to call this lovely city home.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, making it a great choice for families. Within a 2 km radius, you will find Lions Oval Public School, an elementary school offering grades JK to 8, just 1.0 km away, with a solid school rating of 4.1. Harriett Todd Public School, also an elementary institution, is located 1.2 km from the property and provides French language instruction for grades 1 to 4, boasting a rating of 5. For secondary education, Orillia Secondary School is 1.5 km away and serves grades 9 to 12, with a commendable rating of 6.8. Twin Lakes Secondary School, offering French instruction for grade 9, is slightly further at 1.6 km. Additionally, Regent Park Public School, 1.8 km away, caters to grades 5 to 8 in French, while St. Bernard's Catholic School and Patrick Fogarty Catholic Secondary School, both offering Catholic education, are located 1.9 km and 2.7 km away, respectively. Overall, the proximity to a variety of public and Catholic schools ensures that educational needs are well catered to in this vibrant community.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 618 residents, with an average household size of 1.7 individuals. The community has a median age of 44.5 years and an average household income of $48,800, indicating a modest economic status. Notably, 34% of the population falls under the low-income category, highlighting economic challenges faced by some residents. The housing market reflects an average property price of $340,000, with a significant majority of residents (87.1%) renting rather than owning their homes. Single individuals make up a substantial 66.67% of the population, while households with children account for 29.17%. The area is also home to a diverse demographic, with 11.7% of residents being immigrants. Education levels are relatively high, with 42.05% of the population holding a college or university degree. However, a significant portion of the community, 61.36%, is not actively participating in the labor force. The housing landscape includes a small percentage of condominiums, making up 8.06% of the available housing options, which may appeal to certain buyers or renters in the market.