Address
48 BARRIE Road Orillia, ON
Price
$ 575,000
Property Attributes
  • ID#40089426
  • TypeMulti-Family
  • CityOrillia
  • AreaBarrie and District
  • Postal CodeL3V 2P7
  • Style
  • Price$ 575,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2920
Listing Provided Courtesy Of:
Theresa Coulson with Simcoe Hills Real Estate Inc. Brokerage
Data Source:
RLP - CREA EN
Property Description

2 seperate houses on one lot! Partner with a family member or buy for an investment. Front house is a century home, back house was the original carriage house which was converted to a residence and recently renovated with new kitchen, new flooring through out (except 1 bedroom) and upgraded insulation in attic.. Back house is presently vacant. Both homes have 3 bedrooms & 2 baths. Terrific investment location. Walk to downtown shopping, dining, arts district, farmer's market, the new Rec Center, trails, library, hospital and Orillia's Beautiful Waterfront Park and Marina. Live in one and rent the other. The front house was a duplex and can be converted back to one easy, for a total of three units. It would also be perfect student rental residences, could rent 8 rooms at 600 a piece. It is walking distance to Lake Head University Downtown Campus and bus to Westridge Campus. Potential to add even more units under the intensification zoning. Total expenses for both houses is 12,443. Back carriage house could easily rent for $2000.00 a month plus utilities. Back house (48B) is vacant and easy to show. Front house (48A) is tenant occupied and requires 24 hours notice. Must follow all covid precautions, wear mask and no more than two people and agent . A creative investor will find a way to generate additional income here and maximize potential.Front house will be vacant end of June.

General Features

Acres < 0.5
Beds 6
Garage no
Inclusions CARBONMONOX, MICROWAVE
Listing Type Investment
Other Structures Fence - Partial, Shed
Parking yes
Parking Spaces 4
Terms SALE
Wheel Chair Access no
Zoning R2-i

Interior Features

Basement Finish Unfinished
Bedrooms 6
Fireplace yes

Exterior Features

Lot Frontage 45.00
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L3V 2P7

Price
AVG $580K
$580K
Visits
AVG 13
27
Year Built
AVG 1880
1880
Walkscore
AVG 60
60
Data Provided by Walkscore ® not using MLS data