$499,900

For saleJust listed

54 Wyandotte Street, Orillia - Multi-family for Sale

54 Wyandotte Street, Orillia, Ontario, L3V5M9

6 beds2 baths3 parking900 ft²34 × 106 ft (3,604 sq ft) lot sizeListed Today

Overview

This multi-family property in Orillia is for sale offering roughly 900 sq ft of space. It has been on the market 0 days, fresher than the Orillia average of 68 days.

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Description

Welcome to this updated legal duplex located in an extremely convenient location, just a short walk to the hospital and downtown Orillia! Offering two fully self-contained three-bedroom units, this property presents an outstanding opportunity for investors, multi-generational families, or buyers looking to live in one unit while generating rental income from the other. Both units feature separate entrances and their own in-unit laundry, providing privacy and convenience for occupants. Recent renovations and updates offer comfortable living spaces with plenty of flexibility to suit a variety of needs. One unit is currently vacant, giving the new owner the opportunity to move in, set their own rental rate, or secure a tenant of their choice. Outside, enjoy a large, fully fenced backyard with plenty of room to relax and entertain. Ideally situated within walking distance to downtown Orillia, you'll appreciate easy access to shops, restaurants, parks, amenities and more. Additional improvements include newer shingles (2023), French drain (2024), and new flooring (2026). Whether you're expanding your investment portfolio or looking for a property with income potential and flexible living arrangements, this is an opportunity worth exploring! (id:66096)

Property Details

MLS®: S14154242
Property Type: Multi-family
Zoning: HC2-4
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 34 × 106 ft (3,604 sq ft)
Frontage: 34 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,217/yr
Listed

Rooms

Lower level

Bedroom: 2.57 x 3.51 meters
Utility room: 2.21 x 2.9 meters
Kitchen: 2.87 x 4.14 meters
Living room: 3.33 x 5.11 meters
Bedroom: 2.58 x 2.77 meters
Bedroom: 2.58 x 3.16 meters

Main level

Kitchen: 2.39 x 2.99 meters
Living room: 3.49 x 5.24 meters
Bedroom: 2.74 x 3.51 meters
Bedroom: 2.74 x 2.6 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Foundation: Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Orillia listings, avg age

68d

Price / ft²

$555

List price

$500K

Haho

This 6-bed multi-family in Orillia has been listed for 0 days, which is 68 days fresher than the city average of 68. Act while there is still low competition.

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Listed by CENTURY 21 B.J. ROTH REALTY LTD. · KYLA VAVALA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $499,900, about 6.5× the local median household income of $77,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $77,500
Population: 48,651
Median age: 47.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3V)

$499,900· $555/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$268/mo

Total monthly$2,901

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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