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.
MLS# | 40651043 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1915 |
Days On Site | 44 |
Listing Provided By | Century 21 B.J. Roth Realty Ltd., Brokerage, Orillia | Leah C. Cavanaugh |
Bed(s) | 4 |
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Bath(s) | 3 |
SQ Feet | 2,005 |
Basement | Y |
Story(s) | 2 |
Units | 3 |
Zoning | R3 |
Province | ON |
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County | Simcoe County |
City | Orillia |
Postal Code | L3V 1S1 |
Area | Orillia |
Subarea | South Ward |
Community Name | South Ward |
Listing VS Median (in South Ward) | |
Price: $730,000 low | high Med: $727,500 SqFt: 2,005 low | high Med: 1,517 $ / SqFt: $364 low | high Med: $535 On Site: 44 low | high Med: 412.000000 |