43 FITTONS Road W, Orillia, ON L3V 3T7

$499,999
: 4
BD
: 2
BA
: 1,500
SqFt

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List Price: $499,999
MLS#: S13661072
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: 2-Storey
Bedrooms: 4
Bathrooms: 2
Living Area: 1500-2000
Province: ON
Municipality: Orillia
Area: Simcoe
Neighborhood: Orillia
Subdivision: Fittons Rd W & West Street N

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Property Description

A unique opportunity at 43 Fittons Road West in Orillia, with options for today and exciting possibilities for the future. The existing home is full of character and offers the chance to renovate, restore and make it your own. Enjoy the home and property as it is, with the added benefit of knowing that considerable planning work has already been completed toward redevelopment. For builders, developers and investors, the property is currently in the final stages of severance into 4 individual building lots, with most municipal conditions already satisfied. Committee of Adjustment approval was secured, no plan of subdivision is required, and a registered reference plan and architectural drawings are already in place. The proposed development consists of 4 semi-detached duplexes, creating a total of 8 family-sized units. Build and sell, build and hold, or consider a combination of both. There may also be potential for garden suites, offering another opportunity to add value and generate rental income. Whether your vision is to bring new life to the existing home, pursue the proposed development while current approvals remain in effect, or simply enjoy the property while considering its longer-term potential, there is plenty to explore here. Optional support is also available to assist with permitting, construction sequencing and next steps.

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Additional Information

Taxes: $4,319
Heat Type: Water
Heat Source: Gas
Air Conditioning: None
Family Room: Yes
Kitchens: 1
Exterior: Vinyl Siding
Waterfront Type: None
Garage Spaces: 1
Garage Type: Detached
Pool: None
Parking Spaces: 7
Parking Type: Private