Solid investment opportunity in a sought-after Orillia neighborhood! This well-maintained, legal triplex provides immediate income and strong future potential with approval for a fourth unit and construction already started. The upper level features two bright and spacious one-bedroom units, with laundry capability, both freshly painted with updated flooring and modern bathrooms completely move-in ready and offering flexibility to establish your rental strategy or occupy personally. The main floor includes a third one-bedroom unit, currently rented to a reliable long-term tenant at market rent, along with a large storage space that is already roughed-in and offers potential for conversion to a fourth unit (plans are attached). A full utility room enhances functionality. The property also includes a useful outbuilding, providing extra storage or potential future use. With three separate hydro meters, private entrances, dedicated parking for each unit, updated vinyl windows, and a prime location close to shopping, transit, hospital, and parks, this property is a versatile addition to any portfolio. Whether you're a seasoned investor or entering the market for the first time, this triplex is a strong and adaptable income-producing asset in a high-demand rental area.
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On Market
Investment
Property Type
$4,762 / Year
Est. Taxes
Apartment
Style
Apts-2 To 5 Units
Business Type
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Franchise
Listing Details
Lot Depth:
107 Feet
Lot Width:
75 Feet
Style:
Apartment
Exterior Construction:
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Roof Material:
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Patio/Deck:
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Driveway:
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Swimming Pool:
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Schools nearby
Listing Brokerage
MLS® Listing
S12437073
Brokerage
CENTURY 21 B.J. ROTH REALTY LTD.
CENTURY 21 B.J. ROTH REALTY LTD. - Disclaimer: The information contained in this listing has not been verified by CENTURY 21 B.J. ROTH REALTY LTD. and should be verified by the buyer.
Data is deemed reliable but not guaranteed accurate by TRREB.
