486 Gill Street Orillia, Ontario L3V 4L1
$779,900
Are you in search of a fully equipped rental opportunity? Look no further than this legal duplex, ideally situated just a 5-minute walk from Lake Simcoe on Gill Street in the sought-after South Ward. Boasting 5 bedrooms and 2 bathrooms, this property offers versatility and potential. The main floor features 3 bedrooms along with a fully updated bathroom, kitchen, floors, paint, and a charming sunroom adding an extra 149 sq ft of living space. Additionally, there's a detached garage/workshop measuring 16 x 24 with hydro, currently serving as a games room complete with a pool table, dart board, and bar. Notable upgrades include new windows, garage door, metal roof, insulation, and rubber floor in the garage. The lower unit comprises 2 bedrooms and a fully upgraded bathroom, providing ample living space. The standout feature of this property is its expansive yard measuring 50x167, offering tremendous potential for future development. With the zoning and lot size permitting an additional dwelling unit, you have the option to construct another house at the rear or convert the garage into another rental unit to maximize your return on investment. Recent upgrades include a new roof in 2018, new eaves trough, fascia, and soffit in 2020, a 200amp electrical panel in 2020, a new hot water tank in 2020, and retaining walls both front and back. Don't miss out on this exceptional opportunity – schedule a showing today to explore the possibilities! (id:55566)
Property Details
| MLS® Number | 40571553 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Marina, Park, Place Of Worship, Playground, Schools |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | Paved Driveway |
| Parking Space Total | 9 |
| Rental Equipment Type | Water Heater |
| Structure | Workshop |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 5 |
| Appliances | Microwave |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stone |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1050 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Marina, Park, Place Of Worship, Playground, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 166 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/26750278/486-gill-street-orillia
Interested?
Contact us for more information
Jesse Henneveld
Broker
(705) 325-4135
97 Neywash Street
Orillia, Ontario L3V 6R9
(705) 325-1373
(705) 325-4135
www.remaxrightmove.com/
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May 31 2024 04:24:29
Barrie & District Association of REALTORS® Inc.
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