508 WEST Street S, Orillia, Ontario, L3V5H5
Sales Representative
Simcoe Hills Real Estate Inc. Brokerage
Cell: 705-340-0160
Tel: 705-325-6262
$1,349,000 - For sale
INCOME + LOCATION + PEACE OF MIND: FULLY RENOVATED & FURNISHED LEGAL TRIPLEX WITH A BONUS GUEST SUITE! Nestled in the heart of a thriving, multicultural community, this remarkable property offers an unprecedented opportunity for large family or multi-generational households. Whether you're envisioning your dream home or a savvy real estate investment, this property is the perfect fit. The versatile floor plans can accommodate varying needs and lifestyles. Savvy investors will appreciate the potential for consistent rental income, with rental demands in this area at an all-time high. Whether you choose to rent to Lakehead University or Georgian College students or short-term tenants waiting for their new home to close, this property offers great returns on investment. Fully furnished with a total of 9 bedrooms, 4 bathrooms and 4 separate laundry facilities, this home provides the space and privacy needed for a multi-generational family or executive tenants. Each bedroom offers a serene retreat, and the bathrooms are tastefully designed for functionality. For investors, this property is a golden opportunity. Its unbeatable location, adaptability, and proximity to Lakehead University and Georgian College ensure steady rental demand and attractive returns on investment. You have the flexibility to choose between executive short-term rentals or international student housing, without the headaches of long-term leases to suit your investment goals. The 1/3 acre property features ample green space and is located steps to the lake & Kitchener Park with a waterfront off-leash dog park, ice rink in the winter, ball diamond, tennis courts, lawn bowling & playground. The property is also conveniently situated near amenities such as the rec center, library, downtown & the hospital. A quick closing is available to maximize the potential for current market rents & ensure a positive cashflow. (id:2471)
Location DescriptionWest St S between HWY 12 & Lake Simcoe
- Property Address:508 WEST Street S, Orillia, Ontario, L3V5H5
- Property Type:Single Family
- Title:Freehold
- Lot Size:under 1/2 acre
- Acreage:under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Highway access
- Structure Style:House
- Building Age:1970
- Bedrooms:5+4
- Bathrooms:4
- Floor Space:2016
- Heating Type:Natural gas, Forced air
- Style:Detached
- Architecture Style:Raised bungalow
- Storeys:1
- Basement Type:Full (Finished)
- Cooling Type:Central air conditioning
- Appliances Included:Microwave, Water meter, Window Coverings
- Rental Equipment:None
- Exterior Type:Brick, Vinyl siding
- Amenities Nearby:Beach, Park, Playground, Public Transit, Schools, Shopping
| Type | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 8'10'' x 11'5'' |
| 4pc Bathroom | Second level | Measurements not available |
| Bedroom | Second level | 12'8'' x 11'2'' |
| Kitchen | Second level | 15'9'' x 16'4'' |
| 4pc Bathroom | Lower level | Measurements not available |
| Bedroom | Lower level | 9'6'' x 10'7'' |
| Bedroom | Lower level | 10'2'' x 10'8'' |
| Kitchen | Lower level | 18'5'' x 13'6'' |
| 3pc Bathroom | Lower level | Measurements not available |
| Bedroom | Lower level | 13'6'' x 9'8'' |
| Bedroom | Lower level | 11'0'' x 10'4'' |
| Family room | Lower level | 20'4'' x 23'0'' |
| Kitchen | Lower level | 7'7'' x 12'8'' |
| 4pc Bathroom | Main level | Measurements not available |
| Bedroom | Main level | 11'1'' x 9'1'' |
| Bedroom | Main level | 11'1'' x 9'8'' |
| Primary Bedroom | Main level | 12'8'' x 13'11'' |
| Living room | Main level | 15'3'' x 15'7'' |
| Dining room | Main level | 12'8'' x 7'1'' |
| Kitchen | Main level | 12'8'' x 9'8'' |
Sales Representative
Simcoe Hills Real Estate Inc. Brokerage
Cell: 705-340-0160
Tel: 705-325-6262
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 508 WEST Street S, Orillia, Ontario, L3V5H5
- Neighbourhood Information
508 WEST Street S, Orillia, Ontario, L3V5H5
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