199 Nottawasaga Street, Orillia, ON L3V 3K2
- $950,000
- 5
- BD
- 3
- BA
- 2,000
- SqFt
- List Price
- $950,000
- MLS#
- S13739074
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Triplex
- Style
- 2 1/2 Storey
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Orillia
- Area
- Simcoe
- Neighborhood
- Orillia
- Subdivision
- Nottawasaga St/Cameron St
Property Description
Turnkey Investment or Live & Rent! Premium Legal Triplex with Garden Suite PotentialMaximize your real estate portfolio with this exceptionally well-maintained legal triplex, offering the perfect blend of steady rental income and premium, worry-free living. Situated in a highly desirable Orillia location, this property is just minutes from the hospital, a vibrant downtown core, and all essential amenities.The Units:Two Spacious 2-Bedroom Apartments: Bright, large layouts designed for comfortable living.One Generous 1-Bedroom Apartment: Well-proportioned and highly rentable space.Bonus: Excellent, reliable tenants are already in place and willing to stay, ensuring immediate cash flow from day one.Modern Efficiency & Premium Features:This property has been mechanically upgraded for low-maintenance ownership and peak energy efficiency. It features an on-demand tankless hot water system paired with a modern radiant water heating system. Best of all, there is no shared chore duty-every single unit enjoys its own independent laundry facilities.Massive Value-Add Potential:Sitting on an impressive and rare 212-foot deep lot, this property offers incredible future upside. Explore the possibility of expanding the existing structure or building a detached Garden Suite to add a fourth income stream!Whether you are looking for a hassle-free, high-yielding investment or want to live in one unit while letting the others pay your mortgage, this Orillia gem is a rare find.
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Additional Information
- Taxes
- $5,853
- Heat Type
- Radiant
- Heat Source
- Gas
- Air Conditioning
- None
- Rooms
- 16
- Family Room
- Yes
- Kitchens
- 3
- Exterior
- Brick
- Garage Spaces
- 5
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 5
- Parking Type
- Private
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Listing courtesy of CASMIR REALTY.