486 Gill Street
Orillia, ON
MLS® 40571553
Bedrooms
5Bathrooms
2 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!
Property Details
Parking Total
9
9
Property Type
Residential
Residential
Rental Equipment Type
Hot Water Heater
Hot Water Heater
Other Structures
Workshop
Workshop
Auxiliary Building Count
1
1
Community Features
Rectangular
Highway Access
Hospital
Marina
Park
Place of Worship
Playground Nearby
School Bus Route
Schools
Trails
Building
Appliances
Microwave
Dishwasher
Dryer
Refrigerator
Stove
Washer
Microwave
Dishwasher
Dryer
Refrigerator
Stove
Washer
Basement Type
Separate Entrance
Full
Finished
Separate Entrance
Full
Finished
Bathrooms
2
2
Bedrooms
5
5
Building Type
Duplex Up/Down
Duplex Up/Down
Cooling
Central Air
Central Air
Construction Materials
Stone
Stone
Heating
Forced Air
Natural Gas
Forced Air
Natural Gas
Roof
Asphalt Shing
Asphalt Shing
Sewer
Sewer (Municipal)
Sewer (Municipal)
Stories
1
1
Water Source
Municipal
Municipal
Land
Lot Depth
166 ft
166 ft
Lot Front
50.00 ft
50.00 ft
Acres
< 0.5 Acres
< 0.5 Acres
Zoning
R2
R2
HoodQ
Walk Score
RE/MAX Right Move
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Last Updated: 2024-04-15 17:12:02