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$ 679,000
Est. payment /mo
New
12 King's CT Orillia, ON L3V 6S4
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Orillia
MLS Listing ID S12297601
Style 2-Storey
Bedrooms 7
Building Age 31-50
Annual Tax Amount $5,499
Tax Year 2024
Property Sub-Type Triplex
Property Description
Triplex in the Heart of Orillia Steps to Couchiching Park! This is an incredible investment opportunity for a well-maintained triplex located near trails, walking distance from Couchiching Park, public transit, downtown shops, and golf courses, offering strong tenant appeal and income potential. 2 Vacant 3-Bedroom Units with private decks, above grade with spacious layouts, ready for immediate occupancy or ideal for owner-occupier (2nd 3 bedroom unit will be vacated July 31, 2025). Set your rent, current average 3 bedroom rent in Orillia is $2,400/mth. One - 1Bedroom below-grade unit is currently tenanted at $640.00/mth including utilities except internet and phone. Tenant is responsible for year round yard maintenance. Garage for additional storage or rental income potential. Metal Roof approx. 5 years old for long-term durability and minimal maintenance with new soffit and fascia in 2024. Recent Updates to Unit 12 include: new electrical panel-2024, fresh paint throughout, new kitchen & 3rd bedroom flooring, new light fixtures & 1 ceiling fan, outlets and switches, upgraded bathroom vanity & toilet, new baseboards-2025, features a gas fireplace in the living room, rough in for in unit laundry and separate water, electrical and gas meters. Unit 10 and 10B share electrical, water & gas meters. Shared laundry in basement. This property is a legal duplex with current use as a triplex. The process has been started with The City of Orillia to qualify as a legal triplex, including completed plans and upgraded electrical panel. Separate entrances for each unit, with excellent upside for investors or multi-generational living. Vacant units give the flexibility to set your own rents or live in one while renting the others. Approx. 90 minutes to Toronto, Orillia continues to grow as a vibrant lakeside community with expanding infrastructure and amenities. Don't miss this rare opportunity to own a cash-flow-ready triplex in one of Orillia's most desirable locations!
Location
State ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Basement Full
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Storage, Sump Pump, Water Meter
Cooling None
Fireplaces Type Natural Gas, Living Room
Fireplace Yes
Heat Source Electric
Exterior
Exterior Feature Deck
Garage Spaces 1.5
Pool None
Roof Type Metal
Lot Frontage 65.0
Lot Depth 98.6
Total Parking Spaces 5
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by Century 21 B.J. Roth Realty Ltd.