508 West St S Orillia, Ontario L3V 5H5
$1,349,000
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 facilities, 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. (id:26892)
Property Details
| MLS® Number | S6675440 |
| Property Type | Single Family |
| Community Name | Orillia |
| Amenities Near By | Park, Schools |
| Features | Cul-de-sac |
| Parking Space Total | 12 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 9 |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Type | Triplex |
Land
| Acreage | No |
| Land Amenities | Park, Schools |
| Size Irregular | 58.63 X 264 Ft |
| Size Total Text | 58.63 X 264 Ft |
| Surface Water | Lake/pond |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Kitchen | 2.31 m | 3.86 m | 2.31 m x 3.86 m |
| Lower Level | Family Room | 6.2 m | 7.01 m | 6.2 m x 7.01 m |
| Lower Level | Bedroom | 3.35 m | 3.15 m | 3.35 m x 3.15 m |
| Lower Level | Bedroom | 4.11 m | 2.95 m | 4.11 m x 2.95 m |
| Main Level | Kitchen | 3.86 m | 2.95 m | 3.86 m x 2.95 m |
| Main Level | Dining Room | 3.86 m | 2.16 m | 3.86 m x 2.16 m |
| Main Level | Living Room | 4.65 m | 4.75 m | 4.65 m x 4.75 m |
| Main Level | Primary Bedroom | 3.86 m | 4.24 m | 3.86 m x 4.24 m |
| Main Level | Bedroom | 3.38 m | 2.95 m | 3.38 m x 2.95 m |
| Main Level | Bedroom | 3.38 m | 2.77 m | 3.38 m x 2.77 m |
https://www.realtor.ca/real-estate/25847112/508-west-st-s-orillia-orillia
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September 21 2023 04:25:48
Toronto Real Estate Board
RE/MAX Hallmark Peggy Hill Group Realty