$575,000

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 TypeFor Sale
Sub-TypeResale
StatusConditional
Year1880
Days On Site18

Features

SQ Feet2,920
Units2
Building(s)1
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Area Information
ProvinceON
CountySimcoe County
CityOrillia
Postal CodeL3V 2P7
AreaOrillia
Listing VS Median (in L3V 2P7)
Price:
$575,000
low | high
Med:
$287,500
100% of Average
SqFt:
2,920
low | high
Med:
0
100% of Average
$ / SqFt:
$197
low | high
Med:
$0
100% of Average
On Site:
18
low | high
Med:
18
100% of Average
Sourced by Back At You
Listing Updated: April 17, 2021 8:01:00 PM PDT
Theresa Coulson LogoMLS Number: 40089426
Listing Provided By:
Theresa Coulson  of  Simcoe Hills Real Estate Inc. Brokerage
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