Fantastic Investment Opportunity in City of Orillia which is full of redevelopment and transitioning. 23 Elgin Street offers an exceptional investment opportunity with this legal triplex intentionally kept vacant for your immediate use or tenant placement. This versatile property features three separate units (1 bed/1 bath, 1 bed+den/1 bath, and a spacious 2 bed/1 bath with balcony), perfect for investors, multigenerational living, or those seeking personalization options. Unit 2 can include furniture and continue for furnished rental. Upper unit has own stackable washer and dryer as well as walkout balcony. Units on main floor have shared laundry. Updates within last few years include a roof and furnace (2020), plus common laundry and ample parking. Ideally located minutes from downtown Orillia's waterfront, boardwalk, parks, and local amenities including Mariposa Market, this prime location provides flexibility to live in, rent out, or improve to suit your needs. On City Services and garbage removal. With immediate occupancy available, you can decide whether to occupy a unit while generating rental income from others or maximize returns by renting all units. This prime investment property offers tremendous potential in a convenient location with proximity to everything. Seller says bring your offer!
RE/MAX Hallmark Chay Realty Brokerage
$799,900
23 Elgin Street, Orillia, Ontario
4 Bedrooms
3 Bathrooms
2500 Sqft
Property
MLS® Number: 40719576
Address: 23 Elgin Street
City: Orillia
Exterior: Vinyl Siding
Lot Size: 133.0ft x 52.99ft
Utilities
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 3
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Property Sale History
Travel and Neighbourhood
91/100Walk Score®
Walker's Paradise
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Location
