43 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 Market43 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
Listing byExit Realty True North Brokerage

Features

Heating: Radiant Floor, Radiant

Features

Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 13


Property listed by Exit Realty True North Brokerage, Brokerage
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Population and Demographics

Overview

Total population 31981
Average household income $99,873

Age (%)

65 and plus
26%
50 to 64
21%
0 to 19
19%
20 to 34
19%
35 to 49
16%

Household composition (%)

Single family
58%
Single person
36%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
94%
Others
4%
French
1%

House tenancy (%)

Owners
61%
Renters
39%

Schools and amenities

Estimated Budget