28 Matchedash Street N

Nestled in the vibrant heart of Orillia, this Multi-Family Home for sale in Orillia presents an exciting opportunity for those keen on enhancing their investment portfolio. Located at 28 Matchedash Street N, Orillia, this property boasts a prime position, making it ideal for both residential and commercial use. With a mixed-use zoning classification, this well-cared-for multiplex offers a versatile layout that accommodates a variety of living arrangements, all while being just a stone's throw away from the bustling shops, cafés, and dining options along Mississaga Street.

This charming two-storey building, constructed over 100 years ago, features a robust exterior of brick and vinyl siding, ensuring both durability and aesthetic appeal. The property encompasses nearly 2,600 square feet of usable space, making it a spacious option for investors looking to capitalise on the thriving community of Orillia. The address, 28 Matchedash Street N, Orillia, is not just a location; it’s a gateway to the lively lifestyle that this area offers.

Inside, the Multi-Family Home for sale in Orillia includes five bedrooms and four bathrooms, providing ample room for families or tenants. The property is equipped with three kitchens, ensuring that each unit has the necessary amenities for comfortable living. The bachelor unit has been thoughtfully remodelled, featuring an updated kitchen and bathroom, along with exclusive heating and air conditioning controls. Meanwhile, the three-bedroom unit offers two bathrooms and in-suite laundry facilities, making it a practical choice for larger families or groups. The two-bedroom unit has also been refreshed with a modern kitchen and bathroom, alongside in-suite laundry, creating inviting living spaces throughout.

While the property does not feature a family room or a fireplace, it compensates with a full, unfinished basement that offers potential for further development. Central air conditioning ensures a comfortable environment during the warmer months, while the heat pump system provides efficient heating throughout the colder seasons. The property is connected to municipal water and sewer services, adding to the convenience of living in this central location.

One of the standout features of this Multi-Family Home for sale in Orillia is the ample parking available, with space for up to six vehicles thanks to the private double driveway. This is particularly advantageous in a bustling area like Orillia, where parking can often be at a premium. Additionally, a detached rear storage building with updated shingles adds extra flexibility, having been rented out in the past, which could serve as an additional income stream.

The outdoor space is equally appealing, with a fenced and landscaped backyard providing a rare bonus in such a central location. This outdoor area can serve as a communal space for tenants or a private retreat for the owner. The proximity to Couchiching Beach Park and the waterfront trail system means that residents can easily enjoy the natural beauty of the area, while the nearby Mariposa Market offers a delightful selection of local goods and produce.

In summary, this Multi-Family Home for sale in Orillia, located at 28 Matchedash Street N, Orillia, is a remarkable investment opportunity that combines convenience, versatility, and the potential for significant returns. With its prime location, spacious layout, and the ability to accommodate various living arrangements, this property is a must-see for any serious investor. Don’t miss out on the chance to own a piece of Orillia’s vibrant community—this property truly embodies the spirit of modern living in a historic setting.

Orillia, nestled in the heart of Ontario, Canada, is a charming city renowned for its picturesque waterfront along Lake Couchiching and the Trent-Severn Waterway. This vibrant locale boasts a rich tapestry of natural beauty, with lush parks and scenic trails that invite outdoor enthusiasts to explore. The city is steeped in history, offering a delightful mix of cultural attractions, including the renowned Orillia Opera House and various local festivals that celebrate its artistic spirit. With a welcoming atmosphere and a strong sense of community, Orillia provides a perfect blend of small-town charm and urban amenities, making it an ideal place for those seeking a tranquil yet engaging lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you'll find Lions Oval Public School, just 0.7 km away, offering elementary education (JK to 8) with a commendable rating of 4.1. For secondary education, Orillia Secondary School, located 1.5 km from the property, boasts a strong rating of 5.7 and serves grades 9 to 12. Additionally, Harriett Todd Public School (1.9 km) and Regent Park Public School (2.0 km) provide elementary education with a focus on French, although Regent Park has a lower rating of 1.3. Twin Lakes Secondary School, 2.4 km away, offers French instruction for grade 9 and holds a rating of 5.1. There are also Catholic school options nearby, including Monsignor Lee Catholic School (1.9 km) for JK to 8 and Patrick Fogarty Catholic Secondary School (2.1 km) for grades 9 to 12, though both have not received ratings. Overall, the area offers a diverse range of educational opportunities, catering to different language preferences and educational needs, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 411 residents, with an average household size of 1.7 individuals. The demographic profile reveals an average age of 50.4 years, indicating a mature community. The average household income stands at $58,800, with 26.4% of the population classified as low-income. Housing prices are relatively high, with an average property value of $620,000. A significant portion of the community is single, comprising 63.16% of the population, while only 15.79% of households include children. The area has a notable percentage of renters, at 79.59%, and condominiums make up 6.12% of the housing market. Educational attainment is relatively high, with 39.44% of residents holding a college or university degree. However, a considerable 59.15% of the population is not participating in the labor force, which may reflect retirement or other factors. Additionally, 8% of the residents are immigrants, contributing to the area's diversity. Overall, this demographic snapshot indicates a mature, predominantly single, and rental-oriented community with a mix of educational backgrounds and income levels.