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Home ON Greater Orillia Orillia
23 ELGIN STREET
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23 ELGIN STREET $799,900
2 days ago
$799,900
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23 ELGIN STREET
Orillia, Ontario L3V1R8

MLS® Number: S12092562
5
Bedrooms
3
Bathrooms
1500 - 2000
Square Feet

Listing Description

TRIPLE THE OPPORTUNITY: VACANT TRIPLEX READY FOR YOUR INVESTMENT VISION! Seize this rare chance to shape your investment future in Orillia's redevelopment area! 23 Elgin Street presents an investment opportunity with ALL THREE UNITS INTENTIONALLY VACANT giving you the ultimate flexibility to implement your strategy immediately. This legal triplex offers incredible versatility with three distinct units: Ground Floor Unit 1: Cozy 1 bed/1 bath Ground Floor Unit 2: Spacious 1 bed +den/1 bath (can include furniture for instant furnished rental income!)Upper Level: Premium 2 bed/1 bath featuring private stackable washer/dryer and walkout balcony. Why this property outshines other investment opportunities: IMMEDIATE INCOME POTENTIAL: Place tenants tomorrow or move in yourself while collecting rent from other units. Recent updates in the last few years: roof and furnace (2020) minimize your maintenance concerns. PRIME LOCATION: Minutes from downtown Orillia's waterfront, boardwalk, Mariposa Market, and all essential amenities. CONVENIENCE: City services and garbage removal included* PRACTICAL FEATURES: Shared laundry for ground floor units and ample parking. The vacant status creates extraordinary value choose your own tenants, set your own rental rates, or renovate to maximize returns without disrupting existing tenancies. Live in one unit while generating passive income from the others, or capitalize on Orillia's growing rental demand by filling all three. This prime investment opportunity sits in area undergoing significant transition and development down by the water and neighbouring area. The seller will consider all reasonable offers! Take this opportunity to secure your financial future in Orillia's thriving real estate market! (40282838)

Location Description

Peter St S/Elgin St

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Square Footage
1500 - 2000 sqft
Community Name
Orillia
Land Size
53 x 133 FT|under 1/2 acre
Age Of Building
51 to 99 years
Annual Property Taxes
$3,900
Parking Type
No Garage
Time on REALTOR.ca
2 days

Building

Bedrooms
Above Grade
5
Bathrooms
Total
3
Interior Features
Appliances Included
Water meter, All, Furniture
Basement Type
Partial
Building Features
Features
Lane, In-Law Suite
Foundation Type
Block
Fire Protection
Smoke Detectors, Security system
Heating & Cooling
Cooling
Wall unit
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Available), Sewer (Available)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Public Transit, Place of Worship
Parking
Parking Type
No Garage
Total Parking Spaces
5

Measurements

Square Footage
1500 - 2000 sqft

Land

Lot Features
Frontage
53 ft
Land Depth
133 ft
Other Property Information
Zoning Description
R3i - according to City of Orillia - see map
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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