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About the Listing 551802 -
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 - 3 Bedroom Units with private decks, above grade with spacious layouts, 1 unit ready for immediate occupancy or ideal for owner-occupier (2nd 3 bedroom & basement units have been served eviction notices). Set your rent, current average 3 bedroom rent in Orillia is $2,400/mth. 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!
Listing Highlights for 12 King's Ct
Interior Details
- Bedrooms: 7
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: Natural Gas,Living Room
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other: Storage,Sump Pump,Water Meter
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Metal
- Others: Deck
- Sewer: Sewer
- Parking Features: Attached
Financial Details
- Tax Amount: $5,500
- Taxes w/Assessments: N/A
- Tax/Property ID: 586600066
- Tax Year: 2024
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12 King's Ct Orillia, ON L3V 6S4
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