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Orillia,ON L3V 3T1
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,243 sqft
Price per Sqft $277
Subdivision Orillia
MLS Listing ID S12437073
Bedrooms 3
Annual Tax Amount $4,762
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Zoning R1
Rooms
Kitchen 3
Interior
Cooling No
Inclusions 3 hot water tanks, 3 stoves, 2 fridges
Exterior
Parking Features None
Community Features Major Highway,Public Transit
Utilities Available Yes
Building
Building Age 51-99
Lot Description Building