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Orillia, ON L3V 1R8,23 Elgin ST
Orillia, ON L3V 1R8,23 Elgin ST
Orillia, ON L3V 1R8,23 Elgin ST
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$799,900
Est. payment /mo
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5 Beds
3 Baths
New

23 Elgin ST Orillia, ON L3V 1R8

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Nigel Wong

Nigel Wong

+1(647) 549-1865

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Orillia

MLS Listing ID S12092562

Style 2-Storey

Bedrooms 5

Building Age 51-99

Annual Tax Amount $3,900

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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!

Location

Province ON

County Simcoe

Community Orillia

Area Simcoe

Rooms

Family Room No

Basement Partial Basement, Crawl Space

Kitchen 3

Interior

Interior Features Accessory Apartment, In-Law Suite

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Year Round Living

Parking Features Lane, Private, Private Double

Pool None

View Downtown

Roof Type Asphalt Shingle

Lot Frontage 52.98

Lot Depth 133.0

Total Parking Spaces 5

Building

Unit Features Public Transit,School Bus Route,Place Of Worship

Foundation Block

Others

Security Features Smoke Detector,Security System,Carbon Monoxide Detectors

Listed by RE/MAX HALLMARK CHAY REALTY

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agent

Nigel Wong

Realtor | License ID: 5013017

+1(647) 549-1865

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23 Elgin ST