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$499,999
Est. payment /mo
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Orillia
MLS Listing ID S12856768
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,779
Tax Year 2025
Property Sub-Type Duplex
Property Description
Check out this outstanding investment opportunity featuring zoning and permitted use information available in the documents section. This legal duplex offers two well-appointed 2-bedroom units, each with its own hydro meter, with potential to create a smaller third unit subject to municipal approval. The property sits on a large in-town double lot, providing excellent long-term development and income potential for savvy investors or developers. Located directly across from an expanding rental complex, this property is positioned in a high-demand area that supports continued rental growth. The existing income stream allows you to carry the property while the City approval process for future changes or improvements is underway, making it an ideal buy-now-and-hold investment. Current monthly income $3,100.00, long term Tenants. Conveniently situated in Orillia, the property is within walking distance to the hospital, downtown core with its charming cafes, restaurants, banks, and shopping, as well as the recreation centre, all of which contribute to strong tenant appeal. As Orillia continues to experience steady growth, this is a great opportunity to become part of the city's expanding real estate market. The buyer is responsible for all municipal processes and associated costs related to zoning verification, change of use, and permit approvals. This is a versatile property with significant potential for income generation, development, or long-term investment holding.
Location
Province ON
County Simcoe
Area Simcoe
Zoning R2
Rooms
Basement Partial Basement
Kitchen 2
Interior
Interior Features Water Heater Owned
Cooling None
Inclusions Hot Water Tank, Owned, 2 stoves and 2 refrigerators.
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Building Age 100+
Foundation Block
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Lited by CENTURY 21 B.J. ROTH REALTY LTD.
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