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486 Gill Street Orillia, Ontario L3V 4L1

5 Bedroom 2 Bathroom 1050 sqft
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:46421)

Property Details

MLS® Number 40571553
Property Type Multi-family
AmenitiesNearBy Hospital, Marina, Park, Place Of Worship, Playground, Schools
CommunityFeatures School Bus
EquipmentType Water Heater
Features Paved Driveway
ParkingSpaceTotal 9
RentalEquipmentType Water Heater
Structure Workshop

Building

BathroomTotal 2
BedroomsTotal 5
Appliances Microwave
BasementDevelopment Finished
BasementType Full (finished)
CoolingType Central Air Conditioning
ExteriorFinish Stone
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 1
SizeInterior 1050 Sqft
Type Duplex
UtilityWater Municipal Water

Parking

Detached Garage

Land

AccessType Highway Access
Acreage No
LandAmenities Hospital, Marina, Park, Place Of Worship, Playground, Schools
Sewer Municipal Sewage System
SizeDepth 166 Ft
SizeFrontage 50 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R2

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

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