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$719,900
Status: For Sale
Investment Opportunity! This Triplex is centrally located close to Downtown and Orillia's Waterfront. Three units are fully occupied and showing good return. Apt 1 is the 3 bedroom, 2 storey at the front of the building with a large verandah renting for $2,350.00 per month with a rent increase coming into effect on October 1st to $2,365.00. Apt 2 is the 1 bedroom on the second floor currently renting for $1,300.00. Apt 3 is the studio apartment on the third floor renting for $973.75. This building has been continuously updated and well maintained. The heating is forced air gas - electric baseboard heating added to the studio apartment. Basement offers extra storage for the Tenants, coin operated laundry and a private room for landlord's storage and security system. Roof re-shingled 2021. Large back yard offers parking for all tenants.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40651043 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :15 Nov, 2024 (6 Days ago) |
| Source | :The Lakelands |
| Area | :Simcoe |
|---|---|
| City | :Orillia |
| Area Major | :Orillia |
| Area Minor | :South Ward |
| Postal Code | :
L3V 1S1
|
| Directions | :Elgin Street, between Peter & Matchedash Streets |
| Price | : $719,900 |
|---|---|
| Property Taxes | :$4849.44 |
| Tax Year | :2024 |
|---|
| Bedrooms | :4 + |
|---|---|
| Heating | :Baseboard |
| Place of Worship | :No |
| Cross Street | :Peter |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :2005 sqft |
| Virtual Tour | :Virtual Tour (External Link) |
15 Nov, 2024
TREB #40651043
Price Change
$719900
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$719,900
53 Elgin Street, Simcoe, ON
Listing ID #40651043
Price drop by $10,100
Price drop by $10,100