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Orillia,ON L3V 2R1
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID S8443916
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,557
Tax Year 2023
Property Description
Check out this great investment opportunity. Existing Legal duplex with 2 x 2 bedroom units, potential to create a smaller 3rd unit. Two existing apartments with separate hydro meters. Current building sits on a large in town double lot. Ideally located across the road from a large complex of rental units, with ongoing expansion. Great for Investors and Developers alike, to build and re-sell Or retain in your investment portfolio as ongoing Income property. Buy now with immediate Income and let the current Rental Income carry the costs, while City of Orillia processes for approvals takes place. Lots of potential for this property. Ideally located within close proximity and walking distance to the hospital, quaint downtown Orillia offering cafes, restaurants, banks and shopping, and within a few steps to the new Orillia Recreation Centre. Orillia is quickly growing, why not become part of the growth and build your Investment portfolio. Buyer is responsible for all City of Orillia processes and costs for the approval of change of use and permits.
Location
Province ON
County 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
Garage None
Garage Spaces 4.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Building
Foundation Block