Just Listed
Address
390 W Mississauga Street W, Orillia, ON
Price
$ 645,000
Property Attributes
- ID#S13775546
- TypeSingle Family
- Listing Status New
- CityOrillia
- AreaOrillia
- NeighbourhoodOrillia
- Postal CodeL3V 3C5
- StyleBungalow
- Taxes$ 3265
- Price$ 645,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage700-1100
- Lot Size0.25 Acres
Data Source:
Toronto Real Estate Board (TRREB)
Property Description
390 Mississauga St W, Orillia - Oversized R2 Lot with Severance & Value-Add Upside. An opportunity built for investors, builders, and value-add buyers. This 3-bedroom, 2-bathroom bungalow sits on a rare 90 x 114.75 ft lot - over 10,000 square feet, close to double the size of many neighbouring parcels - in an established, high-demand Orillia neighbourhood serviced by municipal water and sewer. The numbers tell the story. Recent comparable sales in the immediate area range to the high $700s, with 3-bedroom homes trading around $600,000 and typically selling within a month. The property currently carries low holding costs, with annual taxes near $3,300 - attractive for a buy, improve, and reposition strategy.The real upside is the land. With wide frontage and significant depth, the lot holds potential for a two-lot severance into two serviced R2 building lots, subject to City of Orillia approval - a path that could unlock aggregate land value well above a single as-is sale. Alternatively, hold and rent, or execute a cosmetic renovation to capture the spread between as-is pricing and updated comparables. Multiple exit strategies, one address: Value-add flip - refresh finishes, resell to the owner-occupier market or live in Sever & build - pursue consent for a second building lot (pending municipal approval) Buy & hold - solid bones, low carrying costs, strong rental demand near downtown and Lake Couchiching Built in 1964 with a functional single-level layout, full basement, and 2-car carport, this is a genuine land-and-location play in a market with proven, steady demand. Priced as-is to reflect its upside. Bring your strategy - book your private viewing today.
| Price History | |
|---|---|
| 9/12/2026 | Listed $645,000 |
General Features
| Sewer | Sewer |
|---|---|
| Cooling | Central Air |
| Roof | Metal,Asphalt Shingle |
| Architectural Style | Bungalow |
| Pool Features | None |
| Security Features | None |
| Construction Materials | Aluminum Siding |
| Heater Type | Forced Air |
| Parking Spaces | 2 |
| Topography | Flat,Level |
| Property Subtype | Detached |
| Tax Year | 2026 |
| Lot Depth | 114.63 |
| PropertyFeatures | Hospital,Marina,School |
| County | Simcoe |
| New Construction | No |
| Property Type | Residential Freehold |
| Attached Garage | No |
| Facing Direction | North |
| Garage Y/N | No |
| Other Structures | Garden Shed |
| Status | New |
| City | Orillia |
| Disclosures | Unknown |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 3265.37 |
| Virtual Tour | https://media.onerooflistings.com/sites/rojpyzyz/unbranded |
| Standard Status | Active |
| Occupancy Type | Vacant |
| Tax Assessed Value | 216000 |
| Legal Description | PT LT 48 N/S Mississauga St PL 426 South Orillia As IN R0184691; Orillia |
Interior Features
| Interior Amenities | Carpet Free,Primary Bedroom - Main Floor,Water Heater Owned |
|---|---|
| Basement | Partially Finished |
| Heat Source | Gas |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 4 |
| Elevator? | No |
| Total Baths | 2 |
| Bedrooms | 3+1 |
| Living Area Range | 700-1100 |
Exterior Features
| Exterior Amenities | Canopy,Deck,Year Round Living |
|---|---|
| Waterfront | None |
| Parking Features | Private,Tandem |
| Total Parking | 3.0 |
| Garage Type | Carport |
| Foundation Details | Block |
| Spa | No |
| Lot Size Source | GeoWarehouse |
| Waterfront Y/N | No |
| Covered Spaces | 0.0 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L3V 3C5
Price
Taxes
Visits
In The Neighbourhood
Just Listed
Orillia
$ 624,900
- Type
- Single Family
- Rooms
- 6 Beds + 4 Baths
CENTURY 21 B.J. ROTH REALTY LTD.
Just Listed
Orillia
$ 549,000
- Type
- Single Family
- Rooms
- 2 Beds + 1 Baths
Century 21 B.J. Roth Realty Ltd.
Just Listed
Orillia
$ 524,900
- Type
- Single Family
- Rooms
- 3 Beds + 1 Baths
FARIS TEAM REAL ESTATE BROKERAGE
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating