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Orillia,ON L3V 1R8
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Orillia
MLS Listing ID S12092562
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $3,900
Tax Year 2024
Property Sub-Type Multiplex
Property Description
TRIPLE THE OPPORTUNITY: VACANT TRIPLEX READY FOR YOUR INVESTMENT VISION! Seize this rare chance to shape your investment future in Orillia's redevelopment area! 23 Elgin Street presents an investment opportunity with ALL THREE UNITS INTENTIONALLY VACANT giving you the ultimate flexibility to implement your strategy immediately. This legal triplex offers incredible versatility with three distinct units: Ground Floor Unit 1: Cozy 1 bed/1 bath Ground Floor Unit 2: Spacious 1 bed +den/1 bath (can include furniture for instant furnished rental income!)Upper Level: Premium 2 bed/1 bath featuring private stackable washer/dryer and walkout balcony. Why this property outshines other investment opportunities: IMMEDIATE INCOME POTENTIAL: Place tenants tomorrow or move in yourself while collecting rent from other units. Recent updates in the last few years: roof and furnace (2020) minimize your maintenance concerns. PRIME LOCATION: Minutes from downtown Orillia's waterfront, boardwalk, Mariposa Market, and all essential amenities. CONVENIENCE: City services and garbage removal included* PRACTICAL FEATURES: Shared laundry for ground floor units and ample parking. The vacant status creates extraordinary value choose your own tenants, set your own rental rates, or renovate to maximize returns without disrupting existing tenancies. Live in one unit while generating passive income from the others, or capitalize on Orillia's growing rental demand by filling all three. This prime investment opportunity sits in area undergoing significant transition and development down by the water and neighbouring area. The seller will consider all reasonable offers! Take this opportunity to secure your financial future in Orillia's thriving real estate market!
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Basement Partial Basement,Crawl Space
Kitchen 3
Interior
Interior Features Accessory Apartment,In-Law Suite
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Year Round Living
Parking Features Lane,Private,Private Double
Pool None
View Downtown
Roof Type Asphalt Shingle
Lot Frontage 52.98
Lot Depth 133.0
Total Parking Spaces 5
Building
Unit Features Public Transit,School Bus Route,Place Of Worship
Foundation Block
Others
Security Features Smoke Detector,Security System,Carbon Monoxide Detectors