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:61594)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | S12437073 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 7 |
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Age | 51 To 99 Years |
| Appliances | Water Heater |
| Heating Type | Baseboard Heaters |
| Size Exterior | 3243 Sqft |
| Size Interior | 3,243 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 107 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | Bldg=75 X 107 Ft |
| Size Total Text | Bldg=75 X 107 Ft |
| Zoning Description | R1 |
https://www.realtor.ca/real-estate/28934565/19-south-street-orillia-orillia
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