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Royal LePage
Royal LePage
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$899,900

Orillia ON, L3V 3T1

MLS® # S12437073

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 3243 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3
  • Bathrooms: 3
  • Amenities Nearby: Highway, Public Transit
  • Floor Space (approx): 3243 Square Feet
  • Irregular: Yes
  • Lot Depth: 107.0 Feet
  • Lot Frontage: 75.0 Feet
  • Lot Size: Bldg=75 x 107 FT
  • Zoning: R1
  • No. of Parking Spaces: 7

Courtesy of: CENTURY 21 B.J. ROTH REALTY LTD.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 19 SOUTH STREET, Orillia, Ontario, L3V 3T1

Demographic Information of 19 SOUTH STREET, Orillia, Ontario, L3V 3T1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$106,171.09

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.55 %

High school certificate or equivalent

27.27 %

Apprenticeship trade certificate/diploma

6.05 %

College/non-university certificate

24.02 %

University certificate (below bachelor)

0.76 %

University Degree

21.34 %

Commuter

Travel To Work

By Car

87.61 %

By Public Transit

4.08 %

By Walking

7.69 %

By Bicycle

0.0 %

By Other Methods

0.62 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.47 %

Houses

73.53 %

Own Vs. Rent

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