Well-positioned income-producing asset located in a desirable Orillia neighbourhood. This legal triplex offers stable cash flow with value-add potential, including approved plans for a fourth residential unit with construction already initiated. The property comprises three self-contained one-bedroom units. Two upper-level units are vacant, recently updated with fresh paint, new flooring, and modernized bathrooms, providing immediate opportunity to establish market rents or accommodate owner occupancy. The main-floor unit is currently leased to a long-term tenant at market rent. A substantial storage area is fully roughed-in and designed for conversion to a fourth unit (refer to attached plans), enhancing future revenue potential. A dedicated utility room supports efficient building operations. Additional features include three separate hydro meters, private unit entrances, on-site parking for each unit, updated vinyl windows, and an ancillary outbuilding suitable for storage or potential future use. The property benefits from strong locational fundamentals with proximity to transit, hospital, retail, and parks, supporting consistent rental demand.An attractive opportunity for investors seeking a scalable multi-residential asset with both immediate income and clear upside in a high-demand rental market.
3 months
On Market
Investment
Property Type
$4,762 / Year
Est. Taxes
Apartment
Style
Apts-2 To 5 Units
Business Type
-
Franchise
Location & Areas
Commute
19 South St, Orillia, L3V 3T1
Listing Details
Lot Depth:
107 Feet
Lot Width:
75 Feet
Style:
Apartment
Exterior Construction:
-
Roof Material:
-
Patio/Deck:
-
Driveway:
7
Swimming Pool:
-
Schools nearby
Listing Brokerage
MLS® Listing
S12721580
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.
