Fantastic Investment Opportunity in City of Orillia which is full of redevelopment and transitioning. 23 Elgin Street offers an exceptional investment opportunity with this legal triplex intentionally kept vacant for your immediate use or tenant placement. This versatile property features three separate units (1 bed/1 bath, 1 bed+den/1 bath, and a spacious 2 bed/1 bath with balcony), perfect for investors, multigenerational living, or those seeking personalization options. Unit 2 can include furniture and continue for furnished rental. Upper unit has own stackable washer and dryer as well as walkout balcony. Units on main floor have shared laundry. Updates within last few years include a roof and furnace (2020), plus common laundry and ample parking. Ideally located minutes from downtown Orillia's waterfront, boardwalk, parks, and local amenities including Mariposa Market, this prime location provides flexibility to live in, rent out, or improve to suit your needs. On City Services and garbage removal. With immediate occupancy available, you can decide whether to occupy a unit while generating rental income from others or maximize returns by renting all units. This prime investment property offers tremendous potential in a convenient location with proximity to everything. Seller says bring your offer!
For sale
C$799,900
23 Elgin St, Orillia, ON L3V 1R8
4beds
3baths
2,500sqft
Multi-3 Unit, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$320/sqft
C$-- HOA
What's special
- 6 days
- on Zillow |
- 8 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: April 19, 2025 at 09:05pm
Listed by:
Shannon Murree, Salesperson,
RE/MAX Hallmark Chay Realty Brokerage
Source: ITSO,MLS®#: 40719576Originating MLS®#: Barrie & District Association of REALTORS® Inc.
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Laundry: Coin Operated, Common Area, Gas Dryer Hookup, In Building, Laundry Room, Main Level
Features
- Built-In Appliances
- Windows: Window Coverings
- Basement: Crawl Space,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
- Finished area above ground: 2,500
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Lane/Alley Parking, Outside/Surface/Open
- Uncovered spaces: 3
Features
- Patio & porch: Deck
- Exterior features: Balcony
- Frontage type: South
- Frontage length: 52.99
Lot
- Size: 6,969.6 Square Feet
- Dimensions: 133 x 52.99
- Features: Rectangular, City Lot, Marina, Park, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
Details
- Parcel number: 586680068
- Zoning: C1 - HR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-3 Unit, Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt Shing
Condition
- Unknown
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Community
- Security: Carbon Monoxide Detector, Smoke Detector, None
Location
- Region: Orillia
Financial & listing details
- Price per square foot: C$320/sqft
- Annual tax amount: C$3,900
- Date on market: 4/20/2025
- Inclusions: Carbon Monoxide Detector, Smoke Detector, Window Coverings, All Appliances And Furniture In Unit 2 Is Included Or Optional
- Exclusions: None
- Loading