Salehian.com 647-325-5000

390 W Mississaga Street W

Orillia, Orillia, L3V 3C5

$599,000

Reduced $46,000 from $645,000

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  • 3+1 bedrooms
  • 2 bathrooms
  • 3 parking
  • 700-1100 sq ft

Listed 39 days ago · MLS® S13775546

About this home

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.

Details

Type
Detached
Style
Bungalow
Size
700-1100 sq ft
Lot
91.75 × 114.63 ft
Basement
Partially Finished
Garage
Carport
Kitchens
1
Property tax
$3,265 (2026)
Neighbourhood
Orillia
Municipality
Orillia
Price per sq ft
$666 (47% above detached houses in Orillia, $454)

Interior

Bedrooms
3 above ground + 1 below
Bathrooms
1 × 4-piece (main), 1 × 3-piece (basement)
Rooms
7 above ground + 1 below
Family room or den
No
Fireplace
No
Features
Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
Bungalow
Exterior
Aluminum Siding
Roof
Metal, Asphalt Shingle
Foundation
Block
Faces
North
Outdoor
Canopy, Deck, Year Round Living, Garden Shed

Parking

Total parking
3
Driveway and parking
Private, Tandem

Lot

Size
91.75 × 114.63 ft (rectangular)
Acreage
< .50

More

Possession
30
Nearby
Hospital, Marina, School
Cross street
Woodside Dr. & Mississaga St. W

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 2 cafés and restaurants, 3 parks, 1 pharmacy. Nearest grocery: Zehrs (850 m). Nearest park: Grenville Park (200 m).

Schools nearby

Elementary

  • Harriett Todd Public School
    EQAO: Gr 6 reading 81%, math 50%    10 min walk
  • École élémentaire catholique Samuel-de-Champlain French
    EQAO: Gr 6 reading 77%, math 41%    1.6 km
  • Lions Oval Public School
    EQAO: Gr 6 reading 65%, math 47%    1.7 km
  • Notre Dame Catholic School Catholic
    EQAO: Gr 6 reading 84%, math 24%    2.2 km

Secondary

  • Twin Lakes Secondary School
    EQAO: Gr 9 math 35%, literacy test 85%    15 min walk
  • Orillia Secondary School
    EQAO: Gr 9 math 42%, literacy test 83%    1.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3V

Owners / renters
70% / 30%
Median household income
$77,500
Average age
46
Children under 15
14%
Homes
67% detached, 5% high-rise
Commute by transit
2%
Population
48,651

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Mandarin 0.2%, Yue (Cantonese) 0.2%, Gujarati 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Orillia (OPP): 102 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX REALTY ENTERPRISES INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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