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$849,900
Est. payment /mo
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Orillia
MLS Listing ID S12721560
Style 2-Storey
Bedrooms 3
Annual Tax Amount $4,762
Tax Year 2025
Property Sub-Type Triplex
Property Description
Excellent investment opportunity in a highly sought-after Orillia neighbourhood. This well-maintained legal triplex offers immediate rental income along with future upside, including approved plans for a fourth unit with construction already underway. The upper level features two large, bright one-bedroom units, each with independant laundry capability, freshly painted interiors, updated flooring, and modern bathrooms. Both are vacant and move-in ready, ideal for optimizing rental strategy or owner occupancy. The main floor includes a third one-bedroom unit, currently occupied by a reliable long-term tenant at market rent, as well as a large storage area that is roughed-in and presents clear potential for conversion into a fourth unit (see attached plans). A full utility room adds further functionality. Additional highlights include an outbuilding for storage or future use, three separate hydro meters, private entrances, dedicated parking for each unit, updated vinyl windows, and a prime location close to shopping, transit, the hospital, and parks. Whether expanding an existing portfolio or entering the investment market, this property represents a versatile, income-producing asset in a strong and stable rental area.
Location
Province ON
County Simcoe
Area Simcoe
Zoning R2
Rooms
Basement None
Kitchen 3
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Cooling None
Inclusions 3 hot water tanks, 3 stoves, 2 fridges, 3 hot water tanks, 3 stoves, 2 fridges
Exterior
Parking Features Detached
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 7
Building
Building Age 51-99
Foundation Concrete
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Lited by CENTURY 21 B.J. ROTH REALTY LTD.
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