Orillia, Orillia, L3V 3M8
$699,999
Listed by RE/MAX RIGHT MOVE.
Incredible Investment Opportunity: This property features a 4+2 bedroom home and an adjacent 50' x 175' vacant lot, both zoned R2. The charming one-and-a-half-story home boasts approximately 1082 Sq. Ft. of living space, highlighted by an open kitchen/living room layout on the main floor, complemented by two bedrooms and a full bathroom. Upstairs, you'll find 2 more bedrooms, and the basement features an in-law suite complete with a kitchenette, a three-piece bathroom, and two additional bedrooms. The main floor is currently rented at $1500 per month, all-inclusive, to a long term tenant. Plus, the finished basement opens up the potential for a duplex conversion, with some fire coding already completed. Both Units were updated in 2014. This listing also includes the adjacent vacant lot, providing endless possibilities. Don't miss out on this remarkable investment opportunity!
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
