12 King's Court

Welcome to this fantastic Multi-Family Home for sale in Orillia , located at 12 King's Court, Orillia. This charming triplex is nestled in the heart of the vibrant community of Orillia, just a stone's throw away from the beautiful Couchiching Park. With its prime location near trails, public transport, downtown shops, and golf courses, this property offers an exceptional investment opportunity for those looking to capitalise on the strong tenant appeal and income potential that Orillia has to offer.

The building itself is a well-maintained multiplex, boasting a classic 2-storey design with a sturdy brick and wood exterior. This Multi-Family Home for sale in Orillia features a total of 12 rooms, including six spacious bedrooms and three bathrooms, making it ideal for families or groups of tenants. The property also includes two kitchens, ensuring that each unit has ample space for cooking and entertaining. There’s an additional kitchen as well, which adds to the versatility of the living arrangements.

At 12 King's Court, Orillia, you’ll find that the two vacant 3-bedroom units are above grade, each with private decks that are perfect for enjoying the outdoors. These units are ready for immediate occupancy, making them a fantastic option for an owner-occupier or for investors looking to set their own rents. The current average rent for a 3-bedroom unit in Orillia is around £2,400 per month, providing a lucrative opportunity for those looking to maximise their investment.

Additionally, there is a below-grade 1-bedroom unit that is currently tenanted at £640 per month, which includes utilities, except for internet and phone. The tenant is responsible for year-round yard maintenance, adding to the appeal of this Multi-Family Home for sale in Orillia. The property also features an attached garage that offers additional storage or potential rental income, which is a rare find in this area.

The property is equipped with a full basement and has a metal roof that is approximately five years old, ensuring long-term durability and minimal maintenance. Recent updates to the property include a new electrical panel installed in 2024, fresh paint throughout, and new flooring in the kitchen and third bedroom. The living room features a cosy gas fireplace, perfect for those chilly evenings. There is also a rough-in for in-unit laundry, with separate water, electrical, and gas meters for each unit, making it easy to manage utilities.

It’s worth noting that Unit 10 and Unit 10B share electrical, water, and gas meters, while there is shared laundry available in the basement. This Multi-Family Home for sale in Orillia is currently classified as a legal duplex but is being used as a triplex. The process has already begun with the City of Orillia to qualify it as a legal triplex, with completed plans and an upgraded electrical panel in place.

With separate entrances for each unit, this property offers excellent potential for investors or those seeking multi-generational living arrangements. The flexibility of having vacant units means you can set your own rents or live in one while renting out the others, maximising your investment potential.

Situated approximately 90 minutes from Toronto, Orillia is a growing 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. This Multi-Family Home for sale in Orillia at 12 King's Court, Orillia, is a must-see for anyone looking to invest in a property that combines comfort, convenience, and potential.

Orillia, nestled between the shimmering waters of Lake Couchiching and the scenic shores of Lake Simcoe, is a charming city that beautifully blends natural beauty with vibrant urban life. This picturesque locale is renowned for its lush parks, recreational opportunities, and a rich cultural scene, including the renowned Mariposa Folk Festival. The city's historic downtown area is lined with quaint shops, delightful cafes, and local eateries, creating a welcoming atmosphere for residents and visitors alike. With its strong sense of community spirit and a plethora of outdoor activities, from boating to hiking, Orillia offers a delightful balance of relaxation and adventure, making it an ideal place for those seeking a serene yet engaging lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Couchiching Heights Public School, just 0.7 km away, offering elementary education from JK to grade 8 with a school rating of 5.8. For secondary education, Orillia Secondary School is located 1.5 km from the property, catering to grades 9 to 12 and holding a rating of 5.7. Additionally, Monsignor Lee Catholic School, a Catholic institution for JK to grade 8, is only 0.8 km away, although it currently has a school rating of 0. For those interested in French-language education, Harriett Todd Public School and Regent Park Public School are also nearby, with distances of 2.9 km and 3.1 km, respectively. Harriett Todd offers grades 1 to 4 with a rating of 5.5, while Regent Park serves grades 5 to 8 but has a lower rating of 1.3. Lastly, Twin Lakes Secondary School is 3.3 km away, providing French-language education for grade 9 with a rating of 5.1. Overall, the area boasts a variety of schooling options, catering to different educational needs and preferences.