19 South Street Orillia, Ontario L3V 3T1
$849,900
Well-positioned income-producing asset located in a desirable Orillia neighbourhood. This legal triplex offers stable cash flow with value-add potential, including approved plans for a fourth residential unit with construction already initiated. The property comprises three self-contained one-bedroom units. Two upper-level units are vacant, recently updated with fresh paint, new flooring, and modernized bathrooms, providing immediate opportunity to establish market rents or accommodate owner occupancy. The main-floor unit is currently leased to a long-term tenant at market rent. A substantial storage area is fully roughed-in and designed for conversion to a fourth unit (refer to attached plans), enhancing future revenue potential. A dedicated utility room supports efficient building operations. Additional features include three separate hydro meters, private unit entrances, on-site parking for each unit, updated vinyl windows, and an ancillary outbuilding suitable for storage or potential future use. The property benefits from strong locational fundamentals with proximity to transit, hospital, retail, and parks, supporting consistent rental demand.An attractive opportunity for investors seeking a scalable multi-residential asset with both immediate income and clear upside in a high-demand rental market. (id:63244)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | S12721580 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 7 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Age | 51 To 99 Years |
| Appliances | Water Heater |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Exterior | 3243 Sqft |
| Size Interior | 3243 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 107 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | Bldg=75 X 107 Ft |
| Size Total Text | Bldg=75 X 107 Ft |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/29280543/19-south-street-orillia-orillia
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January 22 2026 07:34:29
Toronto Real Estate Board
Century 21 B.j. Roth Realty Ltd.