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. (id:4069)
| Address |
53 ELGIN Street |
| List Price |
$719,900 |
| Property Type |
Multi-family |
| Type of Dwelling |
Triplex |
| Area |
Ontario |
| Sub-Area |
Orillia |
| Bedrooms |
4 |
| Bathrooms |
3 |
| Floor Area |
2,005 Sq. Ft. |
| Year Built |
1915 |
| MLS® Number |
40651043 |
| Listing Brokerage |
Century 21 B.J. Roth Realty Ltd., Brokerage, Orillia
| Century 21 B.J. Roth Realty Ltd., Brokerage, Orillia - Unit B
|
| Basement Area |
Partial (Partially finished) |
| Postal Code |
L3V1S1 |
| Zoning |
R3 |
| Site Influences |
Public Transit, Shopping |
| Features |
Crushed stone driveway, Laundry- Coin operated, Sump Pump |
