Property Information:

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. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Amenities: Separate Heating Controls, Separate Hydro Meters
Basement Type: None
Exterior Finish: Aluminum siding
Floor Space: 3000 - 3500 sqft
Foundation Type: Concrete
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: None
Appliances: Stove

Property Features:

Property Type: Multi-family
Bedrooms: 3
Bathrooms: 3
Amenities Nearby: Golf Nearby, Park, Schools, Hospital, Public Transit
Fence Type: Partially fenced
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 107 Feet
Lot Frontage: 75 Feet
Lot Size: 75 x 107 FT
Structure Type: Shed, Outbuilding
Utility Type: Hydro - Installed, Cable - Installed, Sewer - Installed
Zoning: R2
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 7

Rooms:

Kitchen 2nd Level 3.51 m x 3.48 m
Living 2nd Level 4.65 m x 3.64 m
Bedroom 2nd Level 3.97 m x 3.48 m
Kitchen 2nd Level 3.51 m x 3.64 m
Living 2nd Level 3.99 m x 3.66 m
Bedroom 2nd Level 3.99 m x 3.48 m
Utility Main Level 4.83 m x 3.70 m
Utility Main Level 4.79 m x 3.70 m
Kitchen Main Level 2.00 m x 4.33 m
Living Main Level 5.29 m x 4.63 m
Bedroom Main Level 4.32 m x 2.96 m
Utility Main Level 9.72 m x 4.50 m

Convert Measurement to:

Courtesy of: CENTURY 21 B.J. ROTH REALTY LTD.

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Demographic Information of 19 SOUTH STREET, Orillia, Ontario, L3V 3T1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$106,171.09

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.55 %

High school certificate or equivalent

27.27 %

Apprenticeship trade certificate/diploma

6.05 %

College/non-university certificate

24.02 %

University certificate (below bachelor)

0.76 %

University Degree

21.34 %

Commuter

Travel To Work

By Car

87.61 %

By Public Transit

4.08 %

By Walking

7.69 %

By Bicycle

0.0 %

By Other Methods

0.62 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.47 %

Houses

73.53 %

19 SOUTH STREET, Orillia, Ontario, L3V 3T1