508 West Street S Orillia, Ontario L3V 5H5
$1,349,000
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 |
Building
| 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 |
Land
| 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 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25846879/508-west-street-s-orillia
Interested?
Contact us for more information
Peggy Hill
Broker
374 Huronia Road
Barrie, L4N 8Y9
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September 20 2023 06:01:52
Barrie & District Association of REALTORS® Inc.
RE/MAX Hallmark Peggy Hill Group Realty Brokerage