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48 Barrie Road Orillia, Ontario L3V 2P7

6 Bedroom 4 Bathroom 2920
Fireplace Window Air Conditioner Forced Air

$575,000

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. (id:41709)

Property Details

MLS® Number 40089426
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping, Ski Area
Communication Type High Speed Internet
Community Features School Bus
Equipment Type Water Heater
Features Park Setting, Park/reserve, Golf Course/parkland, Crushed Stone Driveway, Sump Pump
Parking Space Total 4
Rental Equipment Type Water Heater
Structure Shed

Building

Bathroom Total 4
Bedrooms Total 6
Appliances Microwave
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1880
Cooling Type Window Air Conditioner
Exterior Finish Stucco, Vinyl Siding
Fire Protection Security System
Fireplace Fuel Electric
Fireplace Present Yes
Fireplace Total 1
Fireplace Type Other - See Remarks
Fixture Ceiling Fans
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2920
Type Duplex
Utility Water Municipal Water

Parking

Gravel

Land

Access Type Road Access, Highway Nearby
Acreage No
Fence Type Partially Fenced
Land Amenities Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping, Ski Area
Sewer Municipal Sewage System
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2-i

Utilities

Cable Available
DSL* Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/23001508/48-barrie-road-orillia

Interested?

Contact us for more information


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Theresa Coulson
Broker of Record

(705) 323-7673
www.theresacoulson.com

Simcoe Hills Real Estate Inc. Brokerage
3880 Carlyon Line
Severn, Ontario L3V 0W8

(705) 325-6262
https://simcoehillsrealestate.com/

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