DON'T JUDGE THIS BOOK BY ITS COVER - THE REAL STORY HERE MAY BE WHAT COMES NEXT! Whether you're looking for an affordable home, an income property or a site for your next development project; 177 Atherley Rd offers a combination of comfortable living today and investment potential for tomorrow. This surprisingly comfortable 3-bedroom bungalow sits on a deep 56' x 198' lot with R3-4 zoning and DEVELOPMENT POTENTIAL that has been explored with the City of Orillia, including authorization for 3-4 duplexes. * * You can live in the existing home or rent it out while working with the City, planners and contractors on your future plans * * The property can be severed in half and a Semi-Detached Building can be constructed with1side of the Semi on each lot and then once severed, you're allowed up to 3 additional units on each property provided you can meet the parking and other requirements from the city. Great for generational living and income generating potential. Whether youenvision creating your personal oasis or making a sound investment. Inside is where this home pleasantly surprises! The brand-new kitchen features new cabinetry, appliances and backsplash, while the updated bathroom offers fresh, modern finishes. A new natural-gas forced-air furnace and owned hot water tank take care of two of the less glamorous - but very important - items on the homeowner checklist. The home offers approximately 1,000 sq. ft. above grade, 3 bedrooms, a comfortable living room and full unfinished basement. Outside, there's a long driveway with parking for multiple vehicles and plenty of depth to the property. Yes, Atherley is a busy road and the exterior could use some love - but this may be one of those properties where what it can become is every bit as important as what it is today. Live in it, rent it, improve it or start planning for its next chapter. A home with a future - take a closer look. You may just discover the hidden Investement gem you've been searching for!
Excellent starter home or investment property! This 3 bedroom Bungalow is situated on a large 56ft X 191 ft lot . Just steps away from the beaches/waterparks of Lake Couchiching Lightfoot Trail and Public Transit , shopping in downtown Orillia . Plenty Of Parking. Zoning is R3 which permits 2, 3, and 4 unit dwellings. Recently Renovated, Furnace( 2023). Easy to show and immediate closing available!
TREB #S12342044
Nov 13, 2025
Delisted
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Sep 19, 2025
Price Changed
$519,900
Aug 13, 2025
Listed
$549,900
+9
Must Be Seen!! 3 bedroom + Den property sits on an expansive R3 zoning lot measuring 56 198 ft and holds immense potential for investors with the possibility of building a 4 unit dwelling. The property can be severed in half and a Semi-Detached Building can be constructed with 1 side of the Semi on each lot and then once severed, you're allowed up to 3 additional units on each property provided you can meet the parking and other requirements from the city. Great for generational living and income generating potential. Whether you envision creating your personal oasis or making a sound investment. The home has been fully painted and features a newly renovated kitchen and washroom, along with a gas furnace installed in 2023. Located within walking distance of Lake Couchiching, Tudhope Park, renowned rowing and sailing clubs, downtown Orillia, shopping and a bustling weekly farmers market - everything you need, from shopping to entertainment, is right at your fingertips. Nearby walking and biking trails offer even more recreational options, in addition to Lake Simcoe being just up the road, and Casino Rama Resort is only a short 15-minute drive away.
TREB #S8464272
Aug 27, 2024
Price Changed
$439,000
Jun 20, 2024
Listed
$459,900
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Single Family Residential
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Simcoe County
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Last updated by owner on Aug 9, 2023.
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