$779,900

Investment For Sale In Orillia, Ontario

$779,900

Property Information:

Are you in search of a fully equipped rental opportunity? Look no further than this legal duplex, ideally situated just a 5-minute walk from Lake Simcoe on Gill Street in the sought-after South Ward. Boasting 5 bedrooms and 2 bathrooms, this property offers versatility and potential. The main floor features 3 bedrooms along with a fully updated bathroom, kitchen, floors, paint, and a charming sunroom adding an extra 149 sq ft of living space. Additionally, there's a detached garage/workshop measuring 16 x 24 with hydro, currently serving as a games room complete with a pool table, dart board, and bar. Notable upgrades include new windows, garage door, metal roof, insulation, and rubber floor in the garage. The lower unit comprises 2 bedrooms and a fully upgraded bathroom, providing ample living space. The standout feature of this property is its expansive yard measuring 50x167, offering tremendous potential for future development. With the zoning and lot size permitting an additional dwelling unit, you have the option to construct another house at the rear or convert the garage into another rental unit to maximize your return on investment. Recent upgrades include a new roof in 2018, new eaves trough, fascia, and soffit in 2020, a 200amp electrical panel in 2020, a new hot water tank in 2020, and retaining walls both front and back. Don't miss out on this exceptional opportunity – schedule a showing today to explore the possibilities!

Inclusions: Microwave,Existing Fridge X2, Clothes Washer, Clothes Dryer, Clothes Washer And Dryer Combo, Stove X2, Dishwasher X1

Building Features:

  • Floor Space: 1050 Square Feet

Property Features:

  • Bedrooms: 5
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Full, Finished
  • Construction Materials: Stone
  • Cooling: Central Air
  • Driveway Parking: Private Drive Double Wide
  • Floor Space (approx): 1050 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In-Suite
  • Lot Depth: 166 Feet
  • Lot Features: Rectangular, Highway Access, Hospital, Marina, Park, Place of Worship, Playground Nearby, School Bus Route, Schools, Trails
  • Lot Frontage: 50.00 Feet
  • Other Structures: Workshop
  • Parking Features: Detached Garage, Asphalt
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 9

Courtesy of: RE/MAX Right Move Brokerage

Data provided by: Barrie & District Association of REALTORS® 676 Veterans Dr., Barrie, Ontario L9J 0H6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved