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!
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
51-99
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Depth:
133'40.5 m
Frontage:
52'11¾"16.1 m
Lot Shape:
Rectangular
Direction Faces:
South
Bedrooms:
5
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
5
Kitchens Above Grade:
3
Rooms Above Grade:
18
Ensuite Laundry:
No
Zoning:
R3i - according to City of Orillia - see map
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Partial Basement, Crawl Space
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Lane, Private, Private Double
Parking Spaces:
5
Total Parking Spaces:
5.0
Family Room:
No
Possession Details:
vacant, immediate possession
Pool:
None
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Unknown
Taxes:
$3,900 /
2024
Assessment:
$- /
-
Orillia
Orillia
Simcoe
Public Transit, School Bus Route, Place Of Worship
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