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Front of 23 Elgin Street
23 Elgin StreetOrillia, ON L3V 1R8
5 bd · 3 ba · 5 parking
1/48
Ontario Real Estate › Orillia
Front of 23 Elgin Street
23 Elgin StreetOrillia, ON L3V 1R8
Expired
5 bd · 3 ba · 5 parking
See all 48 photos
ExpiredMultiplexMLS S12092562
Last asked:Listed 18 months ago
$799,900
5 Bedrooms
3 Bathrooms
5 Parking
1.5K~2K Sq.Ft.
52.98 x 133 ft Lot
$3,900 Tax/yr

Property history

$899,900first asked
$799,900asking now
▼ 11%since February
FebSepAprNow
Listed for saleApr 18, 2025
$799,900
Taken off marketApr 16, 2025
$899,900
Listed for saleFeb 28, 2025
$899,900

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Nima MirderrickvandReal Estate Broker · HOMEH
416-616-6676[email protected]

"I would see it this week."

23 Elgin Street, Orillia

TRIPLE THE OPPORTUNITY: VACANT TRIPLEX READY FOR YOUR INVESTMENT VISION! Seize this rare chance to shape your investment future in Orillia's redevelopment area! 23 Elgin Street presents an investment opportunity with ALL THREE UNITS INTENTIONALLY VACANT giving you the ultimate flexibility to implement your strategy immediately. This legal triplex offers incredible versatility with three distinct units: Ground Floor Unit 1: Cozy 1 bed/1 bath Ground Floor Unit 2: Spacious 1 bed +den/1 bath (can include furniture for instant furnished rental income!)Upper Level: Premium 2 bed/1 bath featuring private stackable washer/dryer and walkout balcony. Why this property outshines other investment opportunities: IMMEDIATE INCOME POTENTIAL: Place tenants tomorrow or move in yourself while collecting rent from other units. Recent updates in the last few years: roof and furnace (2020) minimize your maintenance concerns. PRIME LOCATION: Minutes from downtown Orillia's waterfront, boardwalk, Mariposa Market, and all essential amenities. CONVENIENCE: City services and garbage removal included* PRACTICAL FEATURES: Shared laundry for ground floor units and ample parking. The vacant status creates extraordinary value choose your own tenants, set your own rental rates, or renovate to maximize returns without disrupting existing tenancies. Live in one unit while generating passive income from the others, or capitalize on Orillia's growing rental demand by filling all three. This prime investment opportunity sits in area undergoing significant transition and development down by the water and neighbouring area. The seller will consider all reasonable offers! Take this opportunity to secure your financial future in Orillia's thriving real estate market!

Accessory ApartmentIn-Law SuiteDowntownPublic TransitSchool Bus RoutePlace Of Worship

Facts & features

TypeMultiplex
Style2-storey
Built51-99
Size1.5K~2K Sq.Ft.
Lot52.98 x 133 ft
Tax$3,900 (2024)
HeatingForced air, gas
CoolingWall unit(s)
BasementPartial basement, crawl space
Parking5 drive
WaterMunicipal

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Rooms

0 rooms · 3 bathrooms
Bathrooms3
3-pc3-pc3-pc
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Around this home

Peter St S/Elgin St

Listing details

MLS® numberS12092562
Listed onApr 18, 2025
Days on market61
UpdatedJun 18, 2025
Listing brokerageRE/MAX HALLMARK CHAY REALTY
PossessionImmediate

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NimaHOMEH agent · Orillia

"I would see it this week."

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