169 Colborne Street W, Orillia, ON

$599,000

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About 169 Colborne Street W

Prime investment opportunity in Orillia. This high traffic parking lot is ideally located directly across from the emergency entrances of Soldiers' Memorial Hospital and features 13 parking spaces with strong, consistent demand. The property is equipped with a modern remote controlled entry system, on site cameras, and an automated exit gate for easy operation and management. Recently severed from 50 Dunedin St., the property can also be purchased together with the adjoining parcel. The site offers exceptional redevelopment potential, including the possibility of removing the existing home for new build opportunities or potential lot severance. HC2 zoning permits a wide range of uses, including senior housing, residential, institutional, and healthcare developments. As Orillia's waterfront continues to evolve with new condominium projects, this property represents an outstanding investment opportunity. Combined L shaped lot dimensions: parking lot approximately 43.74 ft. x 140.62 ft. depth, house portion approximately 73.32 ft. x 68.86 ft. depth.

Features of 169 Colborne Street W

MLS® # S13440266
Price $599,000
Bathrooms 0.00
Type Commercial
Sub-Type Land
Status Active

Community Information

Address 169 Colborne Street W
Area Simcoe
Subdivision Orillia
City Orillia
Province ON
Postal Code L3V 2Z4

Amenities

Is Waterfront No

Interior

Fireplace No

Listing Details

OfficeSUTTON GROUP-ASSOCIATES REALTY INC.

Listing Map