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$ 1,098,000
Est. payment /mo
Active
265 Barrie RD Orillia, ON L3V 2R4
10 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Orillia
MLS Listing ID S12514850
Style 3-Storey
Bedrooms 10
Annual Tax Amount $10,074
Tax Year 2024
Property Sub-Type Multiplex
Property Description
This charming 5-unit multiplex in the heart of Orillia is an excellent opportunity for a seasoned investor grow their portfolio or a new investor looking to purchase their first building to start their portfolio on the right foot w/a property that offers immediate income & long-term tenant potential. Set on a large lot w/a generous driveway that provides ample parking for all tenants, the building is already well established with tenants renting four of the units - a landlord dream to have steady returns & stability in long-standing tenants - while 1 vacant unit (as of Oct 2025) is currently listed for rent, allowing new ownership to set fresh market rates and choose their first tenant. Each spacious unit has 2 bedrooms and 1 4pc bathroom, and in-unit laundry. Comfortable layouts attract quality tenants and make them want to stay. The half-acre lot offers plenty of room for future expansion or the addition of new suites, maximizing value over time. Located in a desirable neighbourhood close to schools such as Harriett Todd Public School & Twin Lakes Secondary School, as well as the YMCA Childcare Centre, Orillia Recreation Centre, LifeLabs Medical Services, & many restaurants, this property delivers convenience for tenants & strong demand for the investor. Outdoor recreation is easily accessible w/Bass Lake & Lake Simcoe just a short drive away. Commuting is effortless thanks to quick access to the Trans-Canada Highway, connecting to Hwy 11 North & South. Considering the location, stability, & expansion potential, this property is a smart investment choice in the heart of Orillia.
Location
State ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Basement Unfinished, Separate Entrance
Kitchen 5
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Pool None
Roof Type Asphalt Shingle
Lot Frontage 128.0
Lot Depth 247.5
Total Parking Spaces 10
Building
Unit Features School,Public Transit,Park,Place Of Worship,Wooded/Treed
Foundation Concrete
Others
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/vSKXVUI02MSOD1/
Listed by CRESCENT REAL ESTATE INC.