$1,349,000
Apartment
508 West St S
Orillia, Orillia L3V 5H5
No obligation, free tour cancelation.
Beds · 5+4
Baths · 4
Sqft · 2500-3000
Description
INCOME + LOCATION + PEACE OF MIND: FULLY RENOVATED & FURNISHED LEGAL TRIPLEX WITH A BONUS GUEST SUITE! This versatile property, nestled in a thriving multicultural community, offers a unique opportunity for large families or investors. Fully furnished with 9 bedrooms, 4 bathrooms & 4 laundry facilit...ies, it's perfect for multi-generational living or executive tenants. Investors will appreciate the high rental demand in this area, whether for students from Lakehead University or Georgian College, or flexible short-term professional tenants. The property's adaptability, unbeatable location & proximity to key amenities ensure attractive returns. You can choose between short-term rentals or international student housing without the headaches of long-term leases. The impressive 1/3 acre property boasts ample green space, steps to the lake, Kitchener Park & various recreational amenities. Quick closing options are available for maximizing rental income & positive cash flow.
General
Type
Apartment
Style
Bungalow-Raised
Approximate Age
51-99
Square Footage
2500-3000 sqft
Taxes
$6,725.26 /yr
Maintenance Fee
-
Courtesy of:
RE/MAX HALLMARK PEGGY HILL GROUP REALTY