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Property Description
Are you an investor? Looking for an investment where the numbers finally work? 1) Presenting an exquisite 5-plex investment property where you have the opportunity to set your own rents, fully reimagined with meticulous attention to detail. This property boasts four legally recognized units, with the front of the house being gutted to the studs and rebuilt new, and the back half is newly built to the highest standards, with luxurious finishes. 2) Step into each unit and be welcomed by stunning kitchens, outfitted with top-of-the-line stainless steel appliances and stylish cabinetry. The renovations extend to every aspect of the units, including individual air conditioning units, in-suite washers and dryers, and elegantly appointed bathrooms with towel warmers. And Triple-glazed front windows ensure quiet interiors, even with the property's prime location. 3) This property is approved for short-term rental and meets all requirements, fully compliant with the City of Orillia regulations. Units 1, 2, 3, and 4 are being offered fully furnished, and the property features a new metal roof, new upgraded flooring, new floor joists, new electrical, new plumbing, spray foam insulation, a high-end security camera system, and a sprinkler system, ensuring peace of mind and energy efficiency. 4) The property's separately metered 200-amp service allows for precise control over heating and hydro, facilitated by an energy-efficient on-demand hot water boiler with durable aluminum radiators for longevity. State-of-the-art access control technology enables remote management, making ownership effortless. 5) Situated in the heart of the city, directly across from the hospital, this property benefits from HC2 zoning, permitting a wide range of uses and offering excellent potential for future development. This 5-plex is more than just a place to live - it's an exceptional investment opportunity where every detail has been crafted to offer both luxury and practicality.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-05 | 2024-11-30 | 86 | $1,649,900 | - | Terminated |
| 2024-09-05 | 2024-12-16 | 102 | $1,649,900 | - | Expired |
| 2024-09-05 | 2024-11-30 | 86 | $1,649,900 | - | Terminated |
| 2023-07-17 | 2023-10-02 | 77 | $1,699,900 | - | Expired |
| 2022-05-02 | 2022-06-30 | 62 | $1,960,000 | - | Expired |
| 2023-05-23 | 2023-07-14 | 52 | $1,779,900 | - | Terminated |
| 2022-05-02 | 2022-06-30 | 62 | $1,960,000 | - | Expired |
| 2022-05-02 | 2022-06-30 | 62 | $1,960,000 | - | Expired |
| 2022-07-27 | 2022-09-27 | 62 | $1,960,000 | - | Terminated |
| 2022-05-05 | 2022-06-30 | 60 | $1,960,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
66' x 165'
Acreage
< .50
Fronting
South
Taxes
$6,420 (2024)
Basement
Other
Exterior
Brick, Vinyl Siding
Heat Type
Water
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
8
Driveway
Available
Garage Type
Detached
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Orillia Market Statistics
Orillia Price Trend
214 Mississaga St W is a 4-bedroom 5-bathroom home listed for sale at $1,649,900, which is $1,313,900 (391.0%) higher than the average sold price of $336,000 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 4 bedroom home in Orillia declined by $59,000 (14.9%) compared to the previous 30 day period (November 19 - December 18) and down $319,000 (48.7%) from the same time one year ago.Inventory Change
There were 9 4-bedroom homes listed in Orillia over the last 30 days (December 19 - January 17), which is down 43.8% compared with the previous 30 day period (November 19 - December 18) and up 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Orillia typically sold ($8,900) (2.6%) below asking price over the last 30 days (December 19 - January 17), which represents a $2,350 increase compared to the previous 30 day period (November 19 - December 18) and ($19,900) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Orillia over the last 30 days (December 19 - January 17) stood at 155.6%, up from 87.5% over the previous 30 days (November 19 - December 18) and up from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Orillia stood at 45 days when successfully sold over the last 30 days (December 19 - January 17), compared to 120 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Quest
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