Orillia, Orillia, L3V 3T7
$779,000
Listed by KELLER WILLIAMS EXPERIENCE REALTY.
Welcome to 43 Fittons Road West in Orillia. This home is a wonder of yesteryear and is the original Gibson farm home. Unfortunately, time has moved on, and this home is now slated for demolition unless you have the vision and time to restore it. This property has recently received permission to sub-divide into 4 lots containing 2 x semi detached duplex's to be built on each lot. For the investor with some vision, this represents the opportunity to build some equity or build both semis and sell one for-profit, helping to reduce the overhead cost on the remaining one. If you really have the vision, you will see that there is potential to build a garden suite behind each one of these semi-detached homes, providing larger possibilities for increased equity and cash flow. This type of in-fill lot with permission (Subject to some conditions) to build doesn't come along every day and may provide you with that next level-up investment project that you have been looking for.
Please note this property is in extremely poor condition with no utilities operating, so no lights for night showings. The property has at least one hole in the roof, this is very much a demolition and is sold as land value only.
Foyer
Br
Living
Dining
Kitchen
Family
Sitting
Br
2nd Br
3rd Br
Sunroom
The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
