18 days on Market

320 Laclie St, Orillia, Ontario L3V 4P1

Townhouse
-
-
~4676 sqft
$1,849,900
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Townhouse
-
-
~4676 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$395/sqft

Est. Mortgage$7,945/mo

Tax Amount (2024)$16,250/yr

Days On Market18 days


Description

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 Details

StyleResidential Income
View-
Age of property-
SqFt~4676 SqFt
Lot Size-
Parking Spaces13
MLS ®Number40672773
Community NameOrillia
Data SourceITSO

Features

Heating: Radiant Floor, Radiant

Features

Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 13


Property History

Now
ListedFor Salefor$1,849,900Active
18 days on market
Listing by itso®
history photo preview7
Jul 26, 2023
ListedFor Salefor$1,950,000Terminated
Stayed 26 days on market
Listing by itso®
history photo preview6
ListedFor Salefor$2,199,900Expired
Stayed — days on market
Listing by itso®
history photo preview9
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Property listed by Exit Realty True North Brokerage, Brokerage
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