$849,900
Available - For Sale
Listing ID: S12721580
19 South Street , Orillia, L3V 3T1, Simcoe
| Well-positioned income-producing asset located in a desirable Orillia neighbourhood. This legal triplex offers stable cash flow with value-add potential, including approved plans for a fourth residential unit with construction already initiated. The property comprises three self-contained one-bedroom units. Two upper-level units are vacant, recently updated with fresh paint, new flooring, and modernized bathrooms, providing immediate opportunity to establish market rents or accommodate owner occupancy. The main-floor unit is currently leased to a long-term tenant at market rent. A substantial storage area is fully roughed-in and designed for conversion to a fourth unit (refer to attached plans), enhancing future revenue potential. A dedicated utility room supports efficient building operations. Additional features include three separate hydro meters, private unit entrances, on-site parking for each unit, updated vinyl windows, and an ancillary outbuilding suitable for storage or potential future use. The property benefits from strong locational fundamentals with proximity to transit, hospital, retail, and parks, supporting consistent rental demand.An attractive opportunity for investors seeking a scalable multi-residential asset with both immediate income and clear upside in a high-demand rental market. |
| Price | $849,900 |
| Taxes: | $4762.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 19 South Street , Orillia, L3V 3T1, Simcoe |
| Postal Code: | L3V 3T1 |
| Province/State: | Simcoe |
| Legal Description: | LT 82 PL 395 SOUTH ORILLIA; PT LT 83 PL |
| Directions/Cross Streets: | West St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 3243.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 51-99 |
| Washrooms: | 3 |
| Outside Storage: | T |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| CENTURY 21 B.J. ROTH REALTY LTD. |
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Hamid-Reza Danaie
Broker
Dir:
416-904-7200
Bus:
905-889-2200
Fax:
905-889-3322
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Orillia |
| Neighbourhood: | Orillia |
| Approximate Age: | 51-99 |
| Tax: | $4,762 |
| Baths: | 3 |
| Fireplace: | N |
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