390 Mississaga Street

ActiveOrillia · Orillia10 days on marketMLS® S13775546

$645,000

$921 / sq ft

Bedrooms4

Bathrooms2

Interior700 sq ft

Lot Size10,506 sq ft

TypeSingle Family Home

ListingFor Sale

Days on Market10

About this property

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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	S13775546
Status	Active
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	700 sq ft
Lot Size	10,506 sq ft
Beds / Baths	4 bed · 2 bath
Neighbourhood	Orillia
City	Orillia
Postal Code	L3V 3C5
Province	ON
Listed Date	September 12, 2026
Days on Market	10
Price per Sq Ft	$921
Brokerage	RE/MAX REALTY ENTERPRISES INC.