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Home ON Greater Orillia Orillia
12 KING'S COURT
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12 KING'S COURT $679,000
$679,000
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12 KING'S COURT
Orillia, Ontario L3V6S4

MLS® Number: S12297601
6 + 1
Bedrooms
3
Bathrooms
2500 - 3000
Square Feet

Listing Description

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 Vacant 3-Bedroom Units with private decks, above grade with spacious layouts, ready for immediate occupancy or ideal for owner-occupier (2nd 3 bedroom unit will be vacated July 31, 2025). Set your rent, current average 3 bedroom rent in Orillia is $2,400/mth. One - 1Bedroom below-grade unit is currently tenanted at $640.00/mth including utilities except internet and phone. Tenant is responsible for year round yard maintenance. 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! (40930135)

Location Description

Laclie Street and North Street

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
2500 - 3000 sqft
Community Name
Orillia
Land Size
65 x 98.6 FT|under 1/2 acre
Age Of Building
31 to 50 years
Annual Property Taxes
$5,499.98
Parking Type
Attached Garage, Garage
Time on REALTOR.ca
14 days

Building

Bedrooms
Above Grade
6
Below Grade
1
Bathrooms
Total
3
Interior Features
Appliances Included
Water meter, Dishwasher, Dryer, Stove, Washer, Window Coverings, Refrigerator
Basement Type
Full
Building Features
Features
Sump Pump
Foundation Type
Block
Building Amenities
Fireplace(s)
Rental Equipment
Water Heater - Gas
Structures
Deck
Heating & Cooling
Fireplace
1
Heating Type
Baseboard heaters (Electric)
Utilities
Utility Type
Cable (Available), Electricity (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Wood
Parking
Parking Type
Attached Garage, Garage
Total Parking Spaces
5

Measurements

Square Footage
2500 - 3000 sqft

Land

Lot Features
Frontage
65 ft
Land Depth
98 ft ,7 in
Other Property Information
Zoning Description
R3
Data provided by: OnePoint Association of REALTORS® Suite 324 - 3-301 Stone Road West, Guelph, Ontario N1G 4W4

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