Unknown for 23 Elgin St, Orillia Ontario L3V 1R8
Re-listed 20 days ago

23 Elgin St, Orillia, Ontario L3V 1R8

Townhouse
5
3
~1500-2000 sqft
$•••,•••
$799,900
Get pre-qualifiedPowered by Neo Mortgage
Buy with Wahi to get
Up to
$7,999Cashback
Townhouse
5
3
~1500-2000 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$466/sqft

Est. Mortgage$3,435/mo

Tax Amount (2024)$3,900/yr

Days On Market20 days

Total Days On Market71 days


Description

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!


Property Details

Style2-Storey
ViewDowntown
Age of property51-99
SqFt~1500-2000 SqFt
Lot Size7,046 SqFt(133 x 52.98)
Parking Spaces5
MLS ®NumberS12092562
Community NameOrillia
Data SourceTRREB
Listing byRE/MAX HALLMARK CHAY REALTY

Features

Heating: Forced Air
Cooling: Wall Unit
Basement: Part Bsmt, Crawl Space

Features

Lot size: 7,046 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property History

Login required
Price changeActive
$•••,•••
Login required
Re-listed
$•••,•••
20 days on market
history photo preview48
Listing by trreb®
Property listed by RE/MAX HALLMARK CHAY REALTY, Brokerage

Get up to 1% cashback when you buy your dream home with Wahi Cashback

Cashback Banner Image

A new way to buy a home that puts cash back in your pocket.

  • Our in-house Realtors do more deals and bring that negotiating power into your corner
  • We leverage technology to get you more insights, move faster and simplify the process
  • Our digital business model means we pass the savings onto you, with up to 1% cashback on the purchase of your home

Market Data - Orillia

Geo Zone Map ThumbnailOrillia

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

48 days

Compared to

2024

30 days

2023

18 days

2022

13 days

New Listings

Past 30 days

12 listings

Compared to

2024

21 listings

2023

9 listings

2022

14 listings

Units sold

Past 30 days

8 units

Compared to

2024

6 units

2023

7 units

2022

9 units

Median Sold Price

Past 30 days

$670,000

Compared to

2024

$645,000

2023

$640,000

2022

$668,000


Population and Demographics

Overview

Total population 31981
Average household income $99,873

Age (%)

65 and plus
26%
50 to 64
21%
0 to 19
19%
20 to 34
19%
35 to 49
16%

Household composition (%)

Single family
58%
Single person
36%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
94%
Others
4%
French
1%

House tenancy (%)

Owners
61%
Renters
39%

Schools and amenities

Estimated Budget