12 King's Court Orillia, Ontario L3V 6S4

$679,000

Triplex in the Heart of Orillia Steps to Couchiching Park! This is an incredible investment opportunity for a well-maintained triplex located near trails, walking distance from Couchiching Park, public transit, downtown shops, and golf courses, offering strong tenant appeal and income potential. 2 Vacant 3-Bedroom Units with private decks, above grade with spacious layouts, ready for immediate occupancy or ideal for owner-occupier (2nd 3 bedroom unit will be vacated July 31, 2025). Set your rent, current average 3 bedroom rent in Orillia is $2,400/mth. One - 1Bedroom below-grade unit is currently tenanted at $640.00/mth including utilities except internet and phone. Tenant is responsible for year round yard maintenance. Garage for additional storage or rental income potential. Metal Roof approx. 5 years old for long-term durability and minimal maintenance with new soffit and fascia in 2024. Recent Updates to Unit 12 include: new electrical panel-2024, fresh paint throughout, new kitchen & 3rd bedroom flooring, new light fixtures & 1 ceiling fan, outlets and switches, upgraded bathroom vanity & toilet, new baseboards-2025, features a gas fireplace in the living room, rough in for in unit laundry and separate water, electrical and gas meters. Unit 10 and 10B share electrical, water & gas meters. Shared laundry in basement. This property is a legal duplex with current use as a triplex. The process has been started with The City of Orillia to qualify as a legal triplex, including completed plans and upgraded electrical panel. Separate entrances for each unit, with excellent upside for investors or multi-generational living. Vacant units give the flexibility to set your own rents or live in one while renting the others. Approx. 90 minutes to Toronto, Orillia continues to grow as a vibrant lakeside community with expanding infrastructure and amenities. Don't miss this rare opportunity to own a cash-flow-ready triplex in one of Orillia's most desirable locations! (id:42776)

Property Details

MLS® Number	S12297601
Property Type	Multi-family
Community Name	Orillia
Equipment Type	Water Heater - Gas
Features	Sump Pump
Parking Space Total	5
Rental Equipment Type	Water Heater - Gas
Structure	Deck

Building

Bathroom Total	3
Bedrooms Above Ground	6
Bedrooms Below Ground	1
Bedrooms Total	7
Age	31 To 50 Years
Amenities	Fireplace(s)
Appliances	Water Meter, Dishwasher, Dryer, Stove, Washer, Window Coverings, Refrigerator
Basement Type	Full
Exterior Finish	Brick, Wood
Fireplace Present	Yes
Fireplace Total	1
Foundation Type	Block
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	2,500 - 3,000 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

Attached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	98 Ft ,7 In
Size Frontage	65 Ft
Size Irregular	65 X 98.6 Ft
Size Total Text	65 X 98.6 Ft|under 1/2 Acre
Zoning Description	R3

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/28632534/12-kings-court-orillia-orillia