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Orillia · L3V 1N5
$549,900
MLS® #S13085826
5
Bedrooms (3+2)
2
Bathrooms
700-1100
Sq Ft
About This Property
Welcome to 155 Atherley Road in Orillia - an excellent opportunity for investors, first time buyers, or those looking for future development potential. This versatile property features two self-contained apartments, offering flexibility for a variety of living and income-generating arrangements. The upper unit includes 3 bedrooms, while the lower unit offers 2 spacious bedrooms-ideal for extended family living or rental income. The home has been recently painted throughout and shows exceptionally well, making it move-in ready. Additional updates include new flooring, countertops, light fixtures and more. With the property currently vacant, buyers have the rare advantage of setting their own rents or occupancy plans from day one. Projected rental income is strong, with estimates of approximately $2,100/month for the upper unit and $1,750/month for the lower unit. Whether you choose to live in one unit and rent the other, lease both units as a full investment property, or explore future redevelopment options, the possibilities here are substantial. An added highlight is the potential to create a separate entrance off Millard Street, which may allow for a duplex or 4-plex as per city zoning - further enhancing the property's income potential and long-term value (subject to municipal approvals). Located in a desirable area of Orillia close to amenities, parks, and walking distance to Tudhope Park on Couchiching Lake, this property is a smart addition to any real estate portfolio or a flexible option for homeowners seeking supplemental income. NOTE for builders: the property beside this one is also for sale. Buying both would allow for even more options for its use!
General Information
Building & Mechanicals
Basement
Parking & Garage
Lot & Land
Interior Features
Features
Pool
Taxes
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Living Room | Main | 16' 2" × 11' 8" |
| Kitchen | Main | 10' × 8' |
| Primary Bedroom | Main | 16' 1" × 12' |
| Bedroom | Main | 8' 8" × 8' 4" |
| Bedroom | Main | 8' 6" × 8' 2" |
| Bedroom | Lower | 14' 1" × 11' 5" |
| Bedroom | Lower | 14' 1" × 8' 3" |
| Kitchen | Lower | 8' 10" × 9' 2" |
| Family Room | Lower | 12' 8" × 7' 3" |
Mortgage Calculator
Estimated monthly payment
$2,701
Down payment: $109,980 · Loan: $439,920
Estimate only. Actual rates and payments vary by lender.
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Listing courtesy of:
SUTTON GROUP INCENTIVE REALTY INC.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: May 5, 2026.
Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.