Solid investment opportunity in a great, well-established Orillia neighborhood! This well-maintained, legal triplex offers immediate returns and value-add potential. The upper level features two spacious one-bedroom units both freshly painted, modern bathrooms, updated flooring and move-in ready! Both units are vacant, you can customize your rental strategy, or occupy personally. The main floor includes a third one-bedroom unit, occupied by an excellent long term tenant paying market rent. Also on the main level is a large storage space already roughed-in for conversion to a 4th rental unit, as well as a full utility room. 3 separate hydro meters and each unit has a private entrance with dedicated parking. Updated vinyl windows. Located close to transit, shopping, hospital, and parks, this is a high-demand area. Whether you're expanding your portfolio or securing your first investment property, this asset checks all the right boxes. (id:60365)
BusinessType | Residential |
BusinessSubType | Apartments |
MLS® Number | S12260484 |
Property Type | Multi-family |
Community Name | Orillia |
AmenitiesNearBy | Highway, Public Transit |
ParkingSpaceTotal | 7 |
BathroomTotal | 3 |
BedroomsTotal | 3 |
Age | 51 To 99 Years |
Appliances | Water Heater |
HeatingType | Baseboard Heaters |
SizeExterior | 3243 Sqft |
SizeInterior | 3243 Sqft |
Type | Multi-family |
UtilityWater | Municipal Water |
Acreage | No |
LandAmenities | Highway, Public Transit |
SizeDepth | 107 Ft |
SizeFrontage | 75 Ft |
SizeIrregular | Bldg=75 X 107 Ft |
SizeTotalText | Bldg=75 X 107 Ft |
ZoningDescription | R1 |
https://www.realtor.ca/real-estate/28554066/19-south-street-s-orillia-orillia
Kyla Vavala
Broker