31 Frederick Street, Orillia, ON

$999,900
MLS#:S9384072
2 beds
4 baths
3000-3500 sqft
10.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] triplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $999,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 3000-3500 sqft on a premium 60 x 146.54 ft lot
  • Features a ["partially finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available
  • Notable attributes: Accessory Apartment, Separate Hydro Meter, Water Heater
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

This property can be used as a triplex, with the potential to be a fourplex. Situated in a highly sought-after location, this property lends itself to a variety of different uses. Expanding your investment portfolio by creating a multi-tenant property allows you to maximize your rental income potential and diversify your real estate holdings. Upstairs, you'll find two, 1 bed, 1 bath apartments. These apartments have been meticulously designed to provide a modern living experience for tenants. With their vacant status, you could handpick new tenants, to maximize your rental income. The main floor offers 1500sq ft of living space, showcasing 7separate offices for commercial space. The opportunity is there for updates to create additional living spaces for additional tenants or yourself. The property's prime location is close to shopping, hospitals, restaurants, parks, & more. The area is known for its vibrant community & offers a variety of entertainment options for residents to enjoy.

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Key Features

Bedrooms
2
Bathrooms
4
Kitchens
2
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 29, 2025
Sold price information is available to members only
Listed Date10/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
ConstructionVinyl Siding
Lot Size60 × 146.54 Feet
CountySimcoe
Annual Tax$8,319.22
Legal DescriptionPT LT 2 W/S FREDERICK ST, 20 N/S COLBORNE ST PL 414 ORILLIA AS IN RO1241978; ORILLIA

Parking & Garage

Parking Spaces10.0
Garage Spaces10
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Hospital, Beach, School, Public Transit, Lake/Pond

Community Features

Location

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31 Frederick Street, Orillia, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 31 Frederick Street, Orillia, ON L3V 5W5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$799,920
Monthly Mortgage$4,648
Property Tax (Est.)$693
Utilities & Maint.$350
Total Monthly Cost$5,691

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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