508 West Street S
Orillia, ON
MLS® 40454951
For sale $1,349,000
Bedrooms
9Bathrooms
4Interior Size
3816 ft2 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.
Property Details
Listing Contract Date
2023-07-18
2023-07-18
Property Type
Residential
Residential
Other Structures
Shed(s)
Other
Shed(s)
Other
Community Features
Urban
Rectangular
Ample Parking
Beach
Cul-De-Sac
Dog Park
City Lot
Highway Access
Landscaped
Library
Open Spaces
Park
Playground Nearby
Rec./Community Centre
Schools
Shopping Nearby
Building
Year Built
1970
1970
Appliances
Water Heater Owned
Dishwasher
Dryer
Refrigerator
Stove
Washer
Water Heater Owned
Dishwasher
Dryer
Refrigerator
Stove
Washer
Basement Type
Separate Entrance
Walk-Up Access
Full
Finished
Separate Entrance
Walk-Up Access
Full
Finished
Bathrooms
4
4
Bedrooms
9
9
Building Type
Multi-3 Unit
Multi-3 Unit
Cooling
Central Air
Central Air
Construction Materials
Brick
Vinyl Siding
Brick
Vinyl Siding
Security Features
Smoke Detector(s)
Smoke Detector(s)
Heating
Forced Air
Natural Gas
Forced Air
Natural Gas
Roof
Metal
Metal
Sewer
Sewer (Municipal)
Sewer (Municipal)
Interior Size
3816 Square Feet
3816 Square Feet
Stories
1
1
Water Source
Municipal
Municipal
Building Amenities
Accessory Apartment
In-Law Floorplan
Separate Heating Controls
Separate Hydro Meters
Water Meter
Land
Lot Depth
264 ft
264 ft
Lot Front
58.63 ft
58.63 ft
Acres
< 0.5 Acres
< 0.5 Acres
Zoning
R2
R2
Landscape Features
Landscaped
Private Entrance
Separate Hydro Meters
Storage Buildings
HoodQ

Peggy Hill
Broker
705-739-4455 (Direct)
705-739-4455 (Mobile)
RE/MAX Hallmark Peggy Hill Group Realty Brokerage
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Last Updated: 2023-09-21 14:21:26