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486 Gill St S Orillia, Ontario L3V 4L1

5 Bedroom 2 Bathroom
Bungalow Central Air Conditioning Forced Air

$799,900

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:53503)

Property Details

MLS® Number S8234094
Property Type Single Family
Community Name Orillia
Parking Space Total 9

Building

Bathroom Total 2
Bedrooms Above Ground 5
Bedrooms Total 5
Architectural Style Bungalow
Basement Features Apartment In Basement
Basement Type N/a
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Type Duplex

Parking

Detached Garage

Land

Acreage No
Size Irregular 50 X 166 Ft
Size Total Text 50 X 166 Ft

Rooms

Level Type Dimensions
Basement Bedroom 3.35 m x 3.35 m
Basement Bedroom 2 3.66 m x 3.05 m
Basement Kitchen 3.35 m x 3.2 m
Basement Living Room 4.11 m x 3.35 m
Basement Bathroom 3.35 m x 1.52 m
Ground Level Kitchen 5.26 m x 3.38 m
Ground Level Living Room 4.37 m x 3.38 m
Ground Level Bedroom 3.51 m x 3.38 m
Ground Level Bedroom 2 3.56 m x 3.38 m
Ground Level Bedroom 3 3.38 m x 2.72 m
Ground Level Bathroom 2.18 m x 1.45 m
Ground Level Sunroom 4.27 m x 3.23 m

https://www.realtor.ca/real-estate/26751266/486-gill-st-s-orillia-orillia

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