LOADING

53 Elgin Street Orillia, Ontario L3V 1S1

4 Bedroom 3 Bathroom 2005 sqft
None Baseboard Heaters, Forced Air

$730,000

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:57975)

Property Details

MLS® Number 40651043
Property Type Multi-family
Amenities Near By Public Transit, Shopping
Features Crushed Stone Driveway, Laundry- Coin Operated, Sump Pump
Parking Space Total 3
Structure Shed, Porch

Building

Bathroom Total 3
Bedrooms Total 4
Basement Development Partially Finished
Basement Type Partial (partially Finished)
Constructed Date 1915
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Fire Protection Security System
Foundation Type Block
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Size Interior 2005 Sqft
Type Triplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 42 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3

https://www.realtor.ca/real-estate/27476745/53-elgin-street-orillia

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