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BEDROOMS3
BATHROOMS3
KITCHENS5
ROOMSS5142721
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-03-08 | 2021-04-13 | 38 | $799,900 | $815,000 | Sold |
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Property Description
Investors! Legal Triplex. Well Cared For & Shows Pride Of Ownership. Central Location, Steps To The Lake, Close To The Hwy And Downtown. Large In-Town Lot 50 Ft. X 200 Ft. Parking For 4 Cars. Each Unit Has Its Own Private Deck. Mf 2 Bed With Laundry $1,700/Mo. Inc., Lower 1 Bed Unit With Gas Fireplace & Laundry Rents For $1,400/Mo. Inc., And Upper 2 Bedroom Cozier Unit Rents For $1,300/Mo. Inc. Gross Annual Rents $52,800. Annual Taxes $3,619 (2020).
Extras
Monthly Expenses Approx: Enbridge Gas $94 & Orillia Power $106. Asking Price Represents A 5.6% Cap Rate. Workshop In The Backyard And An Extra-Long Driveway! A Creative Investor Will Find A Way To Generate Additional Income Here.
Property Features
Place Of Worship
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Property Details
Street
Community
City
Property Type
Multiplex, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
50' x 200'
Acreage
< .50
Fronting
South
Taxes
$3,619 (2020)
Basement
Finished, Full
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Similar Listings
ATTENTION INVESTORS! Seize this exceptional opportunity in downtown Orillia with this corner lot, positioned in an expanding City. This prime investment includes two 1-bedroom units, one 2-bedroom unit, and professional commercial space with offices and reception area. Recent enhancements encompass newer windows, a skylight, refreshed asphalt driveway, updated exterior doors, and a modernized electrical panel. Comprehensive financial details are readily available. Capitalize on this chance to anchor your investment portfolio in Orillia's thriving downtown area.
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