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23 Elgin Street

Orillia, L3V 1R8
5 Beds
3 Bath
1500-2000 sqft

$799,900

Est. Payment
$3,055/mo*
*Based on 20% down, 4% interest, 30-year term
Listed by RE/MAX HALLMARK CHAY REALTY
MultiplexMLS #S12092562New

Client Remarks

TRIPLE THE OPPORTUNITY: VACANT TRIPLEX READY FOR YOUR INVESTMENT VISION! Seize this rare chance to shape your investment future in Orillia's redevelopment area! 23 Elgin Street presents an investment opportunity with ALL THREE UNITS INTENTIONALLY VACANT giving you the ultimate flexibility to implement your strategy immediately. This legal triplex offers incredible versatility with three distinct units: Ground Floor Unit 1: Cozy 1 bed/1 bath Ground Floor Unit 2: Spacious 1 bed +den/1 bath (can include furniture for instant furnished rental income!)Upper Level: Premium 2 bed/1 bath featuring private stackable washer/dryer and walkout balcony. Why this property outshines other investment opportunities: IMMEDIATE INCOME POTENTIAL: Place tenants tomorrow or move in yourself while collecting rent from other units. Recent updates in the last few years: roof and furnace (2020) minimize your maintenance concerns. PRIME LOCATION: Minutes from downtown Orillia's waterfront, boardwalk, Mariposa Market, and all essential amenities. CONVENIENCE: City services and garbage removal included* PRACTICAL FEATURES: Shared laundry for ground floor units and ample parking. The vacant status creates extraordinary value choose your own tenants, set your own rental rates, or renovate to maximize returns without disrupting existing tenancies. Live in one unit while generating passive income from the others, or capitalize on Orillia's growing rental demand by filling all three. This prime investment opportunity sits in area undergoing significant transition and development down by the water and neighbouring area. The seller will consider all reasonable offers! Take this opportunity to secure your financial future in Orillia's thriving real estate market!

About This Property

23 Elgin Street, Orillia, L3V 1R8

Property Type
Multiplex
Lot Size
< .50 acres
Style
2-Storey
Living Area
N/A

Home Overview

Basic Information

Last Updated
Virtual Tour
N/A
Basement
Partial Basement, Crawl Space
Building Size
N/A
Status
In-Active
Property Type
Multiplex
Maintenance Fee
N/A
Year Built
N/A
satellite view
Walk around the neighborhood
23 Elgin Street, Orillia, L3V 1R8
Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

Mortgage Information

Estimated Payment

$0 Principal and Interest

walking  Walk Score for 23 Elgin Street

Default Agent

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