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$ 799,000
Est. payment | /mo
4 Beds
2 Baths
1,713 SqFt
$ 799,000
Est. payment | /mo
4 Beds
2 Baths
1,713 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,713 sqft
Price per Sqft $466
Subdivision West Ward
MLS® Listing ID 40606462
Bedrooms 4
Originating Board Barrie & District Association of REALTORS® Inc.
Year Built 1920
Lot Size 0.320 Acres
Acres 13939.2
Property Description
Check out this great investment opportunity. Existing Legal duplex with 2 x 2 bedroom units, potential to create a smaller 3rd unit. Two existing apartments with separate hydro meters. Current building sits on a large in town double lot. Due to City of Orillia zoning changes, this property would be approved for 16 units in two buildings, initial conversations with City of Orillia have taken place to clarify the City's position on increasing residential density in this Orillia neighbourhood. Ideally located across the road from a large complex of rental units, with ongoing expansion. Great for Investors and Developers alike, to build and re-sell Or retain in your investment portfolio as ongoing Income property. Buy now with immediate Income and let the current Rental Income carry the costs, while City of Orillia processes for approvals takes place. Lots of potential for this property. Ideally located within close proximity and walking distance to the hospital, quaint downtown Orillia offering cafes, restaurants, banks and shopping, and within a few steps to the new Orillia Recreation Centre. Orillia is quickly growing, why not become part of the growth and build your Investment portfolio. Buyer is responsible for all City of Orillia processes and costs for the approval of change of use and permits. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters, Forced air,
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Century 21 B.J. Roth Realty Ltd. Brokerage
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