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14 ELGIN STREET, Orillia — listed at $2,299,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Great investment opportunity in Otilia! This well-maintained 12-unit property offers a strong income potential with a desirable unit mix of six 1-bedroom units and six bachelor suites. The building includes seven parking spaces, adding extra value and convenience for tenants. Ideally located close to downtown, public transit, shopping, and schools, this property is highly attractive to students and urban renters alike. A solid addition to any investment portfolio with consistent rental demand in a prime location. Clean Phase 1 report available. (id:60164)
What's the parking situation?+
This property includes 7 spaces.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
How is the home heated? Is it efficient?+
Heating is hot water radiator heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Who is 14 ELGIN STREET best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $18,207.91, heating is hot water radiator heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $2,299,000, standout features include 5242 sq ft. In this price range, expect higher-end finishes — verify during a showing.
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