$549,900
FOR SALE

Duplex Bungalow-Raised

Bedrooms: 5Bathrooms: 2Lot: 50 x 191.25 ft
2025 Taxes: $2,585

155 ATHERLEY Rd
Orillia, ON L3V 1N5 | Simcoe

Welcome to 155 Atherley Road in Orillia - an excellent opportunity for investors, first time buyers, or those looking for future development potential. This versatile property features two self-contained apartments, offering flexibility for a variety of living and income-generating arrangements. The upper unit includes 3 bedrooms, while the lower unit offers 2 spacious bedrooms-ideal for extended family living or rental income. The home has been recently painted throughout and shows exceptionally well, making it move-in ready. Additional updates include new flooring, countertops, light fixtures and more. With the property currently vacant, buyers have the rare advantage of setting their own rents or occupancy plans from day one. Projected rental income is strong, with estimates of approximately $2,100/month for the upper unit and $1,750/month for the lower unit. Whether you choose to live in one unit and rent the other, lease both units as a full investment property, or explore future redevelopment options, the possibilities here are substantial. An added highlight is the potential to create a separate entrance off Millard Street, which may allow for a duplex or 4-plex as per city zoning - further enhancing the property's income potential and long-term value (subject to municipal approvals). Located in a desirable area of Orillia close to amenities, parks, and walking distance to Tudhope Park on Couchiching Lake, this property is a smart addition to any real estate portfolio or a flexible option for homeowners seeking supplemental income. NOTE for builders: the property beside this one is also for sale. Buying both would allow for even more options for its use!
Extras
Accessory Apartment
Share
Listed By SUTTON GROUP INCENTIVE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S13085826
Last Updated May 05, 2026
Property Summary
Property Type Duplex

More like this:
PIN 586730054
Legal Description LT 3 S/S ATHERLY RD BLK 5 PL 388 ORILLIA; ORILLIA
Possession Date TBD
Taxes (2025) $2,585
Directions/Cross Streets Atherley/Millard
Neighbourhood Orillia
Area Simcoe
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 5
Bathrooms 2
Lot 50 x 191.25 ft
Exterior Metal/Steel Siding
Air Conditioning None
Basement Walk-Out, Finished, Full
Garage Type Carport
Garage/Park Spaces Y
Parking Spaces 4
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)