86 James Street

Orillia, ON

86 James Street

Project Overview

Potential to develop 7 duplex townhomes

This single family home was acquired in May 2021 due to its potential for an infill residential development.

Renderings have been created for building 7 duplex townhomes, for a total of 14 units, with 2 bedrooms upstairs and 3 bedrooms downstairs, each with a garage and driveway parking. 

The development will offer a total of 22 parking spaces, a small exterior common area, and a Molok garbage system.

We plan to take advantage of various finance programs that promote the development of energy efficient and accessible housing.

Property Details

Here is a list of points outlining the housing market potential in Orillia, Ontario:

  1. Strong demand for housing: Orillia has a growing population and a high demand for housing, making it an attractive market for investors and developers.
  2. Affordable prices: Compared to other major cities in Ontario, the real estate market in Orillia is relatively affordable, making it an attractive option for first-time buyers and investors.
  3. Diverse housing options: Orillia has a variety of housing options available, including single-family homes, townhomes, and condominiums, which can appeal to a range of buyers.
  4. Proximity to major cities: Orillia is located within driving distance of Toronto and other major cities in Ontario, making it an attractive option for commuters.
  5. Strong rental market: Orillia has a strong rental market, with a high demand for rental properties, making it an attractive option for investors looking to generate rental income.
  6. Positive economic indicators: Orillia has a thriving economy with a low unemployment rate and a diverse range of industries, which can contribute to the long-term stability of the housing market.
  7. Growing tourism industry: Orillia is home to a growing tourism industry, with a number of popular attractions, which can drive demand for vacation rentals and other types of housing.
  8. Government incentives: The government may offer incentives for the development of energy efficient and accessible housing, which can create opportunities for developers and investors.

What are the strongest economic drivers in the local economy of Orillia Ontario

Orillia, Ontario is a diverse and thriving community with a number of economic drivers. Here are a few of the strongest economic drivers in Orillia:

  1. Tourism: Orillia is home to a number of popular tourist attractions, including Lake Simcoe, Casino Rama, and the Mariposa Folk Festival, which drive the local tourism industry and contribute to the economy.
  2. Manufacturing: Orillia has a strong manufacturing sector, with a number of companies operating in the region, including manufacturers of automotive parts, aerospace components, and industrial equipment.
  3. Healthcare: The healthcare industry is an important contributor to the Orillia economy, with the Orillia Soldiers’ Memorial Hospital serving as a major employer and provider of healthcare services in the region.
  4. Retail and service sector: Orillia has a thriving retail and service sector, with a number of small businesses and chain stores operating in the region.
  5. Education: Orillia is home to a number of educational institutions, including Lakehead University and Georgian College, which provide education and employment opportunities in the region.
  6. Agriculture: The agriculture industry is an important contributor to the Orillia economy, with a number of farms and agribusinesses operating in the region.
  7. Construction: The construction industry is an important contributor to the Orillia economy, with a number of residential and commercial construction projects underway in the region.

David Atwell

Co-Founder & Director of Acquisitions

Mark Gonneau

Co-Founder & Director of Real Estate

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