23 Elgin Street Orillia, Ontario L3V 1R8
$799,900
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! (id:55499)
Property Details
| MLS® Number | S12092562 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Amenities Near By | Public Transit, Place Of Worship |
| Community Features | School Bus |
| Features | Lane, In-law Suite |
| Parking Space Total | 5 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Appliances | Water Meter, All, Furniture |
| Basement Type | Partial |
| Cooling Type | Wall Unit |
| Exterior Finish | Aluminum Siding |
| Fire Protection | Smoke Detectors, Security System |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1500 - 2000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship |
| Sewer | Sanitary Sewer |
| Size Depth | 133 Ft |
| Size Frontage | 53 Ft |
| Size Irregular | 53 X 133 Ft |
| Size Total Text | 53 X 133 Ft|under 1/2 Acre |
| Zoning Description | R3i - According To City Of Orillia - See Map |
Utilities
| Cable | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/28190276/23-elgin-street-orillia-orillia
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April 20 2025 02:35:52
Toronto Real Estate Board
RE/MAX Hallmark Chay Realty