$799,900Asking Price
23 Elgin Street, Orillia, ON L3V 1R8
Orillia, Orillia
TRIPLE THE OPPORTUNITY: VACANT TRIPLEX READY FOR YOUR INVESTMENT VISION! Seize this rare chance to shape your investment future in Orillia's redevelopment area! 23 Elgin Street presents an investment opportunity with ALL THREE UNITS INTENTIONALLY VACANT giving you the ultimate flexibility to implement your strategy immediately. This legal triplex offers incredible versatility with three distinct units: Ground Floor Unit 1: Cozy 1 bed/1 bath Ground Floor Unit 2: Spacious 1 bed +den/1 bath (can include furniture for instant furnished rental income!)Upper Level: Premium 2 bed/1 bath featuring private stackable washer/dryer and walkout balcony. Why this property outshines other investment opportunities: IMMEDIATE INCOME POTENTIAL: Place tenants tomorrow or move in yourself while collecting rent from other units. Recent updates in the last few years: roof and furnace (2020) minimize your maintenance concerns. PRIME LOCATION: Minutes from downtown Orillia's waterfront, boardwalk, Mariposa Market, and all essential amenities. CONVENIENCE: City services and garbage removal included* PRACTICAL FEATURES: Shared laundry for ground floor units and ample parking. The vacant status creates extraordinary value choose your own tenants, set your own rental rates, or renovate to maximize returns without disrupting existing tenancies. Live in one unit while generating passive income from the others, or capitalize on Orillia's growing rental demand by filling all three. This prime investment opportunity sits in area undergoing significant transition and development down by the water and neighbouring area. The seller will consider all reasonable offers! Take this opportunity to secure your financial future in Orillia's thriving real estate market!
TRIPLE THE OPPORTUNITY: VACANT TRIPLEX READY FOR YOUR INVESTMENT VISION! Seize this rare chance to shape your investment future in Orillia's redevelopment area! 23 Elgin Street presents an investment opportunity with ALL THREE UNITS INTENTIONALLY VACANT giving you the ultimate flexibility to implement your strategy immediately. This legal triplex offers incredible versatility with three distinct units: Ground Floor Unit 1: Cozy 1 bed/1 bath Ground Floor Unit 2: Spacious 1 bed +den/1 bath (can include furniture for instant furnished rental income!)Upper Level: Premium 2 bed/1 bath featuring private stackable washer/dryer and walkout balcony. Why this property outshines other investment opportunities: IMMEDIATE INCOME POTENTIAL: Place tenants tomorrow or move in yourself while collecting rent from other units. Recent updates in the last few years: roof and furnace (2020) minimize your maintenance concerns. PRIME LOCATION: Minutes from downtown Orillia's waterfront, boardwalk, Mariposa Market, and all essential amenities. CONVENIENCE: City services and garbage removal included* PRACTICAL FEATURES: Shared laundry for ground floor units and ample parking. The vacant status creates extraordinary value choose your own tenants, set your own rental rates, or renovate to maximize returns without disrupting existing tenancies. Live in one unit while generating passive income from the others, or capitalize on Orillia's growing rental demand by filling all three. This prime investment opportunity sits in area undergoing significant transition and development down by the water and neighbouring area. The seller will consider all reasonable offers! Take this opportunity to secure your financial future in Orillia's thriving real estate market!
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- No Garage
- Peter St S/Elgin St
- 1500-2000 Approximate Sq Feet
- 51-99 Years Approximate Age
- No Ensuite Laundry
- Forced Air Gas Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $3,900 in 2024
- Possession: vacant, immediate possession
Details
- Aluminum Siding Exterior
- No Fireplace
- 3 Kitchens
- MLS #S12092562
- RE/MAX HALLMARK CHAY REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 3 3-Piece Bathrooms | |||
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Who lives here?
Orillia, Orillia is a north GTA neighbourhood.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
50%
of residents are
single and loving it.
50% singles
Orillia (50%)Renters
39%
of residents
are renters.
39% renters
Orillia (39%)Education
20%
of residents are
university grads.
20% university grads
Orillia (20%)Income
Average Household Income
$85K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 20% |
| Trades | 8% |
| Business | 7% |
| Government | 7% |
| Health | 5% |
Immigrants
9%
of residents were
born outside of Canada.
9% immigrants
Orillia (9%)Birthplace - All
2.4% from UK
All-time
Birthplace - Recent
0.1% from China
Recent
Foreign Languages
Foreign Languages
| French | 1% |
| German | 1% |
| Italian | 1% |
| Tagalog | 1% |
Religions
Religions
| Christian | 66% |
| Muslim | 1% |
| Sikh | 1% |
