48 Barrie Road,
Orillia ON, L3V 2P7
Description
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.
Details
| MLS# | 40089426 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 10 |
Features
| SQ Feet | 2,920 |
|---|---|
| Units | 2 |
| Building(s) | 1 |
Request a showing
Request a showing
Contact
Learn More About This Property
| Area Information | |
|---|---|
| Province | ON |
| County | Simcoe County |
| City | Orillia |
| Postal Code | L3V 2P7 |
| Area | Orillia |
| Listing VS Median (in L3V 2P7) | |
Price: $575,000 low | high Med: $287,500 SqFt: 2,920 low | high Med: 0 $ / SqFt: $197 low | high Med: $0 On Site: 10 low | high Med: 10 Sourced by Back At You | |
MLS Number: 40089426Listing Provided By:
Theresa Coulson of Simcoe Hills Real Estate Inc. Brokerage