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Description
WOW! Price reduction. Seller is motivated. $100,000 VTB , this could be your opportunity to get into real estate ownership or add to your investment portfolio. A recently updated / newly created 2 unit (in 2020), residential home, with a secondary unit (in-law) suite. Updated kitchens, bathrooms and... flooring in both units. Each unit a spacious 1 bedroom. Provides strong income. Upper unit $1,500 per month all inclusive. Ground floor unit $1,800 per month all inclusive. Please note this is not a legal duplex however is zoned R2, thereby permitting a legal duplex. Buyer to acknowledge current building status, certainly can work with City of Orillia to create a legal duplex. Recent changes to the high density direction, this property is within an area of City of Orillia high density residential plans combined with such a large Lot 47' X 165', the potential to develop a Tri-plex or 4-plex would be worth the investigation. Property has 2 driveways. Windows and roof shingles are updated. **** Extras **** Large undeveloped Lot space behind the building, of the remaining 165' depth, ideal for an extension of the existing house or build a separate garden house for additional rental income. Currently, both Tenants do want to stay.
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