Investment Opportunity! This Triplex is centrally located close to Downtown and Orillia's Waterfront. Three units are fully occupied and showing good return. Apt 1 is the 3 bedroom, 2 storey at the front of the building with a large verandah renting for $2,350.00 per month with a rent increase coming into effect on October 1st to $2,365.00. Apt 2 is the 1 bedroom on the second floor currently renting for $1,300.00. Apt 3 is the studio apartment on the third floor renting for $973.75. This building has been continuously updated and well maintained. The heating is forced air gas - electric baseboard heating added to the studio apartment. Basement offers extra storage for the Tenants, coin operated laundry and a private room for landlord's storage and security system. Roof re-shingled 2021. Large back yard offers parking for all tenants. (id:47423)
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Listed By
Century 21 B.J. Roth Realty Ltd., Brokerage, Orillia
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
42 x 100 ft
Amenities Nearby
Public Transit, Shopping
Features
Crushed stone driveway, Laundry- Coin operated, Sump Pump
Listing Contract Date
2024-09-27
Location Description
Elgin Street, between Peter & Matchedash Streets
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Multi-family
Structures
Shed, Porch
Transaction Type
For sale
Zoning Description
R3
Building
Basement Development
Partially finished
Basement Type
Partial (Partially finished)
Constructed Date
1915
Cooling Type
None
Exterior Finish
Brick, Vinyl siding
Fire Protection
Security system
Foundation Type
Block
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
2.5
Type
Triplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access
Amenities
Public Transit, Shopping
Sewer
Municipal sewage system
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