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$1,900,000
Status: For Sale
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.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40672773 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :14 Nov, 2024 (7 Days ago) |
| Source | :Barrie |
| Area | :Simcoe |
|---|---|
| City | :Orillia |
| Area Major | :Orillia |
| Area Minor | :North Ward |
| Postal Code | : L3V 4P1 |
| Directions | :Coldwater Road to Front St to Laclie or Take the Laclie exit from Highway 11 N |
| Price | : $1,900,000 |
|---|---|
| Property Taxes | :$15870.32 |
| Tax Year | :2022 |
|---|
| Bedrooms | :11 + |
|---|---|
| Heating | :Radiant Floor |
| Place of Worship | :No |
| Bathrooms | :0 |
|---|---|
| Approx Square Footage | :4676 sqft |
| Virtual Tour | :Virtual Tour (External Link) |
13 Nov, 2024
TREB #40672773
Listed
$1900000
