3118 EMPEROR DRIVE, Orillia

$774,999

For sale: Multiplex

Multiplex at 3118 EMPEROR DRIVE, Orillia
Property type
Duplex
Bedrooms / bathrooms
5 bedrooms, 3 bathrooms
Living area
3,000 sqft
MLS®
MLS® S13752688
Neighbourhood
Orillia

Top 5 Reasons You Will Love This Home: 1) Nestled in the highly desirable Westridge neighbourhood, this purpose-built rental property enjoys a prime location close to schools, shopping, and places of worship, making it a compelling option for families and stable, long-term tenancy 2) With dependable long-term tenants and established cash flow, this property offers steady rental income from day one, providing a strong foundation for investors 3) Built in 2016 and exceptionally maintained, this move-in-ready investment offers modern convenience, reduced maintenance requirements, and an excellent opportunity to enhance any real estate portfolio 4) Designed with tenant comfort in mind, every unit is equipped with its own utilities, in-suite laundry facilities, and a private single-car garage, enhancing both privacy and everyday convenience 5) Generously sized backyard providing plenty of room for recreation, play, and relaxation, making it particularly attractive to growing families. 2,803 fin.sq.ft. *Please note some images have been virtually staged to show the potential of the home.

Sold data

Multiplex homes in Orillia — recent sold market

Multiplex homes in Orillia took a median of 36 days to sell over the last 730 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 71, across 44 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.

The median sale price was $626,950.

Homes sold for about 4.3% below asking on average, so there was room to negotiate.

About 2% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$626,950
Sale-to-list ratio
95.7%
Sold above asking
2%

Based on 44 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Orillia

Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.

Rated schools
14
Elementary
11
Secondary
3
Average rating
5.1 / 10

Top-rated schools in Orillia

  • Notre DameelementaryFraser rating 6.1/10
  • MarchmontelementaryFraser rating 6.0/10
  • Harriett ToddelementaryFraser rating 5.8/10
  • Monsignor LeeelementaryFraser rating 5.6/10
  • St Bernard'selementaryFraser rating 5.6/10
  • Ardtrea/Cumberland BeachelementaryFraser rating 5.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 3118 EMPEROR DRIVE