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37 photos
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$599,000
Est. payment /mo
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Subdivision Orillia
MLS® Listing ID S14081642
Bedrooms 4
Property Description
Top 5 Reasons You Will Love This Home: 1) Discover an exceptional opportunity to invest in the heart of Orillia with this legal triplex, offering three residential units and exciting income potential, including a beautifully renovated, vacant suite that provides the flexibility to move right in or welcome a new tenant at current market rental rates 2) Take advantage of a prime downtown location where shopping, restaurants, grocery stores, healthcare services, and everyday conveniences are all within easy reach, complemented by nearby waterfront attractions and the beautiful shores of Lake Couchiching, creating an appealing setting for both residents and prospective tenants 3) Move forward with confidence knowing several significant improvements have already been completed, including a brand-new furnace (2026), updated eavestroughs (2025), and a newer roof (2024), while two modernized suites, including one recently renovated and vacant unit, add to the property's overall appeal and functionality 4) Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the others, this versatile property presents an attractive opportunity with projected annual rental income approaching $50,000, offering the potential to generate revenue while building long-term equity 5) Explore the possibilities of this income-producing property with a detailed revenue and expense statement available upon request, providing valuable financial insight for prospective buyers looking to make an informed investment in Orillia's rental market. 1,943 above grade sq.ft. plus an unfinished basement. *Please note some images have been virtually staged to show the potential of the home. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Main level 3.3 m X 2.65 m Kitchen
Extra Room 2 Main level 3.11 m X 2.22 m Living room
Extra Room 3 Main level 3.32 m X 2.18 m Bedroom
Extra Room 4 Main level 5.94 m X 3.95 m Kitchen
Extra Room 5 Main level 2.67 m X 1.58 m Den
Extra Room 6 Main level 3.56 m X 3.11 m Bedroom
Interior
Heating Forced air
Cooling None
Flooring Vinyl, Laminate
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://www.youtube.com/watch?v=fIpQU49_VFw
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Listed by FARIS TEAM REAL ESTATE BROKERAGE