23 Elgin Street

23 Elgin Street
23 Elgin Street
23 Elgin Street
+45
5
 bed
3
 bath
5
 parking
1500 - 2000
 sqft
Multiplex
$799,900
For Sale
45 days
 on site
$799,900
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Size
-
Lot size
7046 sqft
Street frontage
-
Possession
Immediate
Price per sqft
$400 - $533
Taxes
$3,900 (2024)
Parking Type
-
Style
2-Storey
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Description
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!
Broker: RE/MAX HALLMARK CHAY REALTY
MLS®#: S12092562
Property details
Parking:
5
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
1500-2000 sqft
Lot front:
52 Ft
Lot depth:
133 Ft
Listed on:
Apr 20, 2025
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Instant estimate:
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$36,737
lower than listed price
i
High
$801,321
Mid
$763,163
Low
$725,005
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About 23 Elgin Street

23 Elgin Street is an Orillia multiplex for sale. It has been listed at $799900 since April 2025. This multiplex has 5 beds, 3 bathrooms and is 1500-2000 sqft.

There are a lot of great restaurants around 23 Elgin St, Orillia. If you can't start your day without caffeine fear not, your nearby choices include Starbucks. Groceries can be found at Mariposa Market Stores which is a 3-minute walk and you'll find Helping Hands a short walk as well. Interested in the arts? Look no further than R Vandermeer Fine Arts and Orillia Museum of Art & History.

Living in this multiplex is easy. There is also West St. South / Elgin St. Bus Stop, only steps away, with route South nearby.