508 West Street S Orillia, Ontario L3V 5H5

9 Bedroom 4 Bathroom 2016
Raised Bungalow Central Air Conditioning Forced Air Landscaped


INCOME + LOCATION + PEACE OF MIND: FULLY RENOVATED & FURNISHED LEGAL TRIPLEX WITH A BONUS GUEST SUITE! Nestled in the heart of a thriving, multicultural community, this remarkable property offers an unprecedented opportunity for large family or multi-generational households. Whether you're envisioning your dream home or a savvy real estate investment, this property is the perfect fit. The versatile floor plans can accommodate varying needs and lifestyles. Savvy investors will appreciate the potential for consistent rental income, with rental demands in this area at an all-time high. Whether you choose to rent to Lakehead University or Georgian College students or short-term tenants waiting for their new home to close, this property offers great returns on investment. Fully furnished with a total of 9 bedrooms, 4 bathrooms and 4 separate laundry facilities, this home provides the space and privacy needed for a multi-generational family or executive tenants. Each bedroom offers a serene retreat, and the bathrooms are tastefully designed for functionality. For investors, this property is a golden opportunity. Its unbeatable location, adaptability, and proximity to Lakehead University and Georgian College ensure steady rental demand and attractive returns on investment. You have the flexibility to choose between executive short-term rentals or international student housing, without the headaches of long-term leases to suit your investment goals. The 1/3 acre property features ample green space and is located steps to the lake & Kitchener Park with a waterfront off-leash dog park, ice rink in the winter, ball diamond, tennis courts, lawn bowling & playground. The property is also conveniently situated near amenities such as the rec center, library, downtown & the hospital. A quick closing is available to maximize the potential for current market rents & ensure a positive cashflow. (id:51004)

Property Details

MLS® Number 40454770
Property Type Single Family
Amenities Near By Beach, Park, Playground, Public Transit, Schools, Shopping
Community Features Community Centre
Equipment Type None
Features Cul-de-sac, Beach, Paved Driveway, In-law Suite
Rental Equipment Type None
Structure Shed, Porch


Bathroom Total 4
Bedrooms Above Ground 5
Bedrooms Below Ground 4
Bedrooms Total 9
Appliances Microwave, Water Meter, Window Coverings
Architectural Style Raised Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1970
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 2016
Type House
Utility Water Municipal Water


Access Type Highway Access
Acreage No
Land Amenities Beach, Park, Playground, Public Transit, Schools, Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Depth 264 Ft
Size Frontage 59 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2


Level Type Dimensions
Second Level Bedroom 8'10'' x 11'5''
Second Level 4pc Bathroom Measurements not available
Second Level Bedroom 12'8'' x 11'2''
Second Level Kitchen 15'9'' x 16'4''
Lower Level 4pc Bathroom Measurements not available
Lower Level Bedroom 9'6'' x 10'7''
Lower Level Bedroom 10'2'' x 10'8''
Lower Level Kitchen 18'5'' x 13'6''
Lower Level 3pc Bathroom Measurements not available
Lower Level Bedroom 13'6'' x 9'8''
Lower Level Bedroom 11'0'' x 10'4''
Lower Level Family Room 20'4'' x 23'0''
Lower Level Kitchen 7'7'' x 12'8''
Main Level 4pc Bathroom Measurements not available
Main Level Bedroom 11'1'' x 9'1''
Main Level Bedroom 11'1'' x 9'8''
Main Level Primary Bedroom 12'8'' x 13'11''
Main Level Living Room 15'3'' x 15'7''
Main Level Dining Room 12'8'' x 7'1''
Main Level Kitchen 12'8'' x 9'8''


Cable Available
Electricity Available
Natural Gas Available
Telephone Available


Peggy Hill

(705) 739-4455
Re/Max Hallmark Peggy Hill Group Realty Brokerage
374 Huronia Road
Barrie, Ontario L4N 8Y9

(705) 739-4455
(866) 919-5276


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