Property Details

508 WEST Street S, Orillia, Ontario, L3V5H5

508 WEST Street S, Orillia, Ontario, L3V5H5 (ID 40454770)
Representative
Jordan Mamann portrait
Jordan Mamann
Sales Representative
RE/MAX Right Move Brokerage - Orillia
Cell: 705-238-6459
Tel: 705-325-1373

$1,349,000 - For sale

ID#:40454770

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

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Property Details
  • 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 Details for 508 WEST Street S, Orillia, Ontario, L3V5H5
  • 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 for 508 WEST Street S, Orillia, Ontario, L3V5H5 Cul-de-sac, Beach, Paved driveway, In-Law Suite, Landscaped, Community Centre
  • Amenities Nearby:Beach, Park, Playground, Public Transit, Schools, Shopping
Rooms
Type Level Dimensions
BedroomSecond level8'10'' x 11'5''
4pc BathroomSecond levelMeasurements not available
BedroomSecond level12'8'' x 11'2''
KitchenSecond level15'9'' x 16'4''
4pc BathroomLower levelMeasurements not available
BedroomLower level9'6'' x 10'7''
BedroomLower level10'2'' x 10'8''
KitchenLower level18'5'' x 13'6''
3pc BathroomLower levelMeasurements not available
BedroomLower level13'6'' x 9'8''
BedroomLower level11'0'' x 10'4''
Family roomLower level20'4'' x 23'0''
KitchenLower level7'7'' x 12'8''
4pc BathroomMain levelMeasurements not available
BedroomMain level11'1'' x 9'1''
BedroomMain level11'1'' x 9'8''
Primary BedroomMain level12'8'' x 13'11''
Living roomMain level15'3'' x 15'7''
Dining roomMain level12'8'' x 7'1''
KitchenMain level12'8'' x 9'8''
Representative
Jordan Mamann portrait
Jordan Mamann
Sales Representative
RE/MAX Right Move Brokerage - Orillia
Cell: 705-238-6459
Tel: 705-325-1373
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Listing Office: Re/Max Hallmark Peggy Hill Group Realty Brokerage

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508 WEST Street S, Orillia, Ontario, L3V5H5

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