48 Peter Street, Orillia, ON

$525,000
MLS#:S9264034
2 beds
3 baths
2500-3000 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] duplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $525,000 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 3 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 13 x 100 ft lot
  • Features a ["full", "partially finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: In-Law Capability
  • equipped with ["window unit(s)"] central cooling and highly efficient forced air heating via gas

Welcome to 48 Peter St in the heart of Orillia. Steps to downtown and to the water front where you will find cafes, restaurants, walking paths, beaches, boat launches and more. This mixed use property has huge potential for your investment needs. With commercial space finished at the front of the building with a full basement for storage. A fully finished and operating apartment on the main floor, both will full occupancy permits and certification from the the City of Orillia building department and the Orillia Fire Department. Your income stream can start right away. The second floor apartment space is ready for you to finish the way you like. The entire building has been rewired with 5 electrical panels with ESA approval. The building has new plumbing vents and stacks with thousands been poured into this property and is ready for you. This building has been renovated and re-supported structurely and engineered stamped approved. Located on the second floor is the potential for an additional second residential unit, with application approved for permit on submitted drawings. Second floor has pre-plumbed and framed washroom, main water supply feed, stacks and vents. 3rd floor attic has 100 amp electrical panel. All electrical panels have main shutoff located in basement. Building has full functioning fire panel certified system

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Key Features

Bedrooms
2
Bathrooms
3
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 23, 2024
Sold price information is available to members only
Listed Date8/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionConcrete
Lot Size13 × 100 Feet
CountySimcoe
Annual Tax$1,705
Legal DescriptionPT LT 6 S/S COLBORNE ST PL 12 AKA PL 58 ORILLIA PT 1, 51R23021, T/W RO670271; ORILLIA

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Window Unit(s)"]

Features

Property Features

Beach, Park, Hospital

Community Features

Location

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48 Peter 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 48 Peter Street S, Orillia, ON L3V 5B1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$420,000
Monthly Mortgage$2,440
Property Tax (Est.)$142
Utilities & Maint.$350
Total Monthly Cost$2,932

Nearby School Rankings

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Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Orillia.

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.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.