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486 Gill Street Orillia, Ontario L3V 4L1

5 Bedroom 2 Bathroom 1050
Central Air Conditioning Forced Air

$779,900

Are you in search of a fully equipped rental opportunity? Look no further than this legal duplex, ideally situated just a 5-minute walk from Lake Simcoe on Gill Street in the sought-after South Ward. Boasting 5 bedrooms and 2 bathrooms, this property offers versatility and potential. The main floor features 3 bedrooms along with a fully updated bathroom, kitchen, floors, paint, and a charming sunroom adding an extra 149 sq ft of living space. Additionally, there's a detached garage/workshop measuring 16 x 24 with hydro, currently serving as a games room complete with a pool table, dart board, and bar. Notable upgrades include new windows, garage door, metal roof, insulation, and rubber floor in the garage. The lower unit comprises 2 bedrooms and a fully upgraded bathroom, providing ample living space. The standout feature of this property is its expansive yard measuring 50x167, offering tremendous potential for future development. With the zoning and lot size permitting an additional dwelling unit, you have the option to construct another house at the rear or convert the garage into another rental unit to maximize your return on investment. Recent upgrades include a new roof in 2018, new eaves trough, fascia, and soffit in 2020, a 200amp electrical panel in 2020, a new hot water tank in 2020, and retaining walls both front and back. Don't miss out on this exceptional opportunity – schedule a showing today to explore the possibilities! (id:48303)

Property Details

MLS® Number 40571553
Property Type Multi-family
Amenities Near By Hospital, Marina, Park, Place Of Worship, Playground, Schools
Community Features School Bus
Equipment Type Water Heater
Features Paved Driveway
Parking Space Total 9
Rental Equipment Type Water Heater
Structure Workshop

Building

Bathroom Total 2
Bedrooms Total 5
Appliances Microwave
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Stone
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1050
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Highway Access
Acreage No
Land Amenities Hospital, Marina, Park, Place Of Worship, Playground, Schools
Sewer Municipal Sewage System
Size Depth 166 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/26750278/486-gill-street-orillia

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RE/MAX Right Move Brokerage
97 Neywash Street
Orillia, Ontario L3V 6R9

(705) 325-1373
(705) 325-4135
www.remaxrightmove.com/

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