508 West Street S Orillia, Ontario L3V 5H5

9 Bedroom 4 Bathroom 2016
Central Air Conditioning Forced Air Landscaped


INCOME + LOCATION + PEACE OF MIND: FULLY RENOVATED & FURNISHED LEGAL TRIPLEX WITH A BONUS GUEST SUITE! Nestled in the heart of a thriving, multicultural community, this remarkable property offers an unprecedented opportunity for large family or multi-generational households. Whether you're envisioning your dream home or a savvy real estate investment, this property is the perfect fit. The versatile floor plans can accommodate varying needs and lifestyles. Savvy investors will appreciate the potential for consistent rental income, with rental demands in this area at an all-time high. Whether you choose to rent to Lakehead University or Georgian College students or short-term tenants waiting for their new home to close, this property offers great returns on investment. Fully furnished with a total of 9 bedrooms, 4 bathrooms and 4 separate laundry facilities, this home provides the space and privacy needed for a multi-generational family or executive tenants. Each bedroom offers a serene retreat, and the bathrooms are tastefully designed for functionality. For investors, this property is a golden opportunity. Its unbeatable location, adaptability, and proximity to Lakehead University and Georgian College ensure steady rental demand and attractive returns on investment. You have the flexibility to choose between executive short-term rentals or international student housing, without the headaches of long-term leases to suit your investment goals. The 1/3 acre property features ample green space and is located steps to the lake & Kitchener Park with a waterfront off-leash dog park, ice rink in the winter, ball diamond, tennis courts, lawn bowling & playground. The property is also conveniently situated near amenities such as the rec center, library, downtown & the hospital. A quick closing is available to maximize the potential for current market rents & ensure a positive cashflow. (id:49800)

Property Details

MLS® Number 40454951
Property Type Multi-family
Amenities Near By Beach, Park, Playground, Schools, Shopping
Community Features Community Centre
Features Cul-de-sac, Beach, Paved Driveway, In-law Suite
Structure Shed, Porch


Bathroom Total 4
Bedrooms Total 9
Appliances Water Meter
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1970
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 2016
Type Triplex
Utility Water Municipal Water


Access Type Highway Access
Acreage No
Land Amenities Beach, Park, Playground, Schools, Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Depth 264 Ft
Size Frontage 59 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2


Cable Available
Electricity Available
Natural Gas Available
Telephone Available



Contact us for more information

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Peggy Hill

(705) 739-4455

RE/MAX Hallmark Peggy Hill Group Realty Brokerage
374 Huronia Road
Barrie, L4N 8Y9

(705) 739-4455
(866) 919-5276

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