Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 3243 sqft
Heating Type: Baseboard heaters
Cooling Type: None
Appliances:

Property Features:

Property Type: Multi-family
Bedrooms: 3
Bathrooms: 3
Amenities Nearby: Highway, Public Transit
Floor Space (approx): 3243 Square Feet
Irregular: Yes
Lot Depth: 107 Feet
Lot Frontage: 75 Feet
Lot Size: Bldg=75 x 107 FT
Zoning: R2
No. of Parking Spaces: 7

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