WOW! Price reduction. Seller is motivated. $100,000 VTB , this could be your opportunity to get into real estate ownership or add to your investment portfolio. A recently updated / newly created 2 unit (in 2020), residential home, with a secondary unit (in-law) suite. Updated kitchens, bathrooms and flooring in both units. Each unit a spacious 1 bedroom. Provides strong income. Upper unit $1,500 per month all inclusive. Ground floor unit $1,800 per month all inclusive. Please note this is not a legal duplex however is zoned R2, thereby permitting a legal duplex. Buyer to acknowledge current building status, certainly can work with City of Orillia to create a legal duplex. Recent changes to the high density direction, this property is within an area of City of Orillia high density residential plans combined with such a large Lot 47' X 165', the potential to develop a Tri-plex or 4-plex would be worth the investigation. Property has 2 driveways. Windows and roof shingles are updated.
Large undeveloped Lot space behind the building, of the remaining 165' depth, ideal for an extension of the existing house or build a separate garden house for additional rental income. Currently, both Tenants do want to stay.
City: Orillia
Neighborhood: Orillia
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Sep 19, 2023 | 55 | $489,000 | $420,000 | Sold | S7018166 |
| Jun 19, 2023 | N/A | $549,000 | N/A | Sold | S6243654 |
| May 21, 2023 | N/A | $659,000 | N/A | Sold | S6334227 |
| May 9, 2023 | 81 | $559,900 | N/A | Terminated | S5971920 |
| Feb 16, 2023 | 57 | $499,000 | N/A | Terminated | S5916083 |
| Jan 23, 2023 | 24 | $599,000 | N/A | Terminated | S5878081 |
| May 14, 2022 | 90 | $639,000 | N/A | Expired | S5618973 |
| Feb 7, 2022 | 82 | $699,000 | N/A | Expired | S5492765 |
| Jan 20, 2022 | 18 | $649,000 | N/A | Terminated | S5476481 |
| Aug 27, 2021 | 60 | $549,000 | N/A | Terminated | S5353240 |
| Jun 25, 2021 | 60 | $599,900 | N/A | Expired | S5290044 |
Sold Comparables homes near Albert St, Orillia
Located at 119 Albert St S , this Orillia house was listed for $489,000. This house's size is 1100-1500 Sqft. It has 2 bedrooms and 2 bathrooms. The property includes the following rooms: Living, Kitchen, Br, Bathroom, Living, Kitchen, Br, Bathroom, Other. This property comes with 6 parking spots. 119 Albert St S, Orillia is situated in the Orillia neighbourhood.
MLS#: S6765926 · $489,000 · 2 bedroom house in Orillia, Orillia