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:51532)
| Property Summary |
|---|
| Building |
|---|
| Land |
|---|
| Level | Rooms | Dimensions |
|---|---|---|
| Second level | Kitchen | 3.51 m x 3.48 m |
| Living room | 4.65 m x 3.64 m | |
| Bedroom | 3.97 m x 3.48 m | |
| Kitchen | 3.51 m x 3.64 m | |
| Living room | 3.99 m x 3.66 m | |
| Bedroom | 3.99 m x 3.48 m | |
| Main level | Utility room | 4.83 m x 3.7 m |
| Utility room | 4.79 m x 3.7 m | |
| Kitchen | 2 m x 4.33 m | |
| Living room | 5.29 m x 4.63 m | |
| Bedroom | 4.32 m x 2.96 m | |
| Utility room | 9.72 m x 4.5 m |
| Features | |||||
|---|---|---|---|---|---|
| Detached Garage | Garage | Water Heater | |||
| Stove | Two Refrigerators | Separate Heating Controls | |||
| Separate Electricity Meters | |||||
