320 LACLIE STREET, Orillia, Ontario, CA

Address: 320 LACLIE STREET, Orillia, Ontario

0 Beds0 Baths4676 sqftStatus: Buy
Price $1,599,900

Property Overview


Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within. Seller will entertain a VTB (id:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Multi-Family
Square Footage
4676 sqft
Community Name
Orillia
Land Size
150 FT
Building
Interior Features
Appliances Included
Water Heater
Building Features
Square Footage
4676 sqft
Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Hot water radiator heat
Utilities
Water
Municipal water
Land
Other Property Information
Zoning Description
C2
Features
           Water Heater            Partially air conditioned
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Your Home Finance Calculation

Property Price CA $1,599,900
Bank Loan Amount CA $0
Monthly Installment CA $0

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