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Property Description
This Legal Fourplex 4 unit income property is your answer to positive cash flow and securing your financial freedom! These 4 units have all been freshly renovated from the top to bottom. New windows, floor, paint, etc. Units have undergone major fire code updates. All 4 units have separate hydrometers put in place. Unit 1 - $1500/per month. Unit 2 - $1500/per month. Unit 3 - $1500/per month. Unit 4 - $1230/per month. Located right by the water in Orillia's up and coming area. The development + vision proposed will turn todays buy into financial returns for years to come!
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Property Details
Street
Community
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
42' x 92'
Fronting
West
Taxes
$4,603 (2024)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 8.76' x 9.68' | Vinyl Floor |
| Kitchen | Main | 17.75' x 15.68' | Vinyl Floor, Window |
| Bathroom | Main | 3.94' x 6.89' | Vinyl Floor, 3 Pc Bath |
| Br | Main | 15.68' x 7.74' | Vinyl Floor, Window, Closet |
| Kitchen | Main | 8.99' x 5.15' | Vinyl Floor, Window |
| Bathroom | Main | 3.28' x 3.28' | Vinyl Floor, 4 Pc Bath, Window |
| Br | 2nd | 11.42' x 9.15' | Vinyl Floor, Window, Closet |
| Kitchen | 2nd | 9.58' x 6.17' | Vinyl Floor, Window, Backsplash |
| Bathroom | 2nd | 3.94' x 3.28' | Vinyl Floor, 3 Pc Bath |
| Br | 2nd | 10.60' x 9.25' | Vinyl Floor, Window |
| Kitchen | 2nd | 9.15' x 8.43' | Vinyl Floor, Window |
| Bathroom | 2nd | 4.92' x 4.92' | Vinyl Floor, 4 Pc Bath, Window |
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Orillia Market Statistics
Orillia Price Trend
78 Front St S is a 4-bedroom 4-bathroom home listed for sale at $1,299,999, which is $514,999 (65.6%) higher than the average sold price of $785,000 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 4 bedroom home in Orillia increased by $55,000 (7.5%) compared to the previous 30 day period (February 28 - March 28) and down $45,000 (5.4%) from the same time one year ago.Inventory Change
There were 13 4-bedroom homes listed in Orillia over the last 30 days (March 29 - April 27), which is down 18.8% compared with the previous 30 day period (February 28 - March 28) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Orillia typically sold ($16,444) (2.1%) below asking price over the last 30 days (March 29 - April 27), which represents a $11,556 decrease compared to the previous 30 day period (February 28 - March 28) and ($9,900) less 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 (March 29 - April 27) stood at 30.8%, up from 18.8% over the previous 30 days (February 28 - March 28) and down from 53.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Orillia stood at 20 days when successfully sold over the last 30 days (March 29 - April 27), compared to 77 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Vision Realty Inc.
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