320 Laclie Street Active Save Request In-Person Tour Request Virtual Tour
Orillia,ON L3V 4P1
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,676 sqft
Price per Sqft $378
MLS Listing ID 40672773
Bedrooms 11
Abv Grd Liv Area 4,676
Originating Board Barrie
Annual Tax Amount $16,250
Property Sub-Type Multi-6-9 Unit
Property 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.
Location
Province ON
County Simcoe County
Area Orillia
Zoning C2
Direction Coldwater Road to Front St to Laclie or Take the Laclie exit from Highway 11 N
Rooms
Basement None
Kitchen 0
Interior
Interior Features None
Heating Radiant Floor,Radiant
Cooling None
Fireplace No
Appliance Hot Water Tank Owned
Laundry Coin Operated
Exterior
Exterior Feature Year Round Living
Parking Features Leased
Pool None
Roof Type Membrane
Street Surface Paved
Lot Frontage 159.0
Garage No
Building
Lot Description Public Transit,School Bus Route
Faces Coldwater Road to Front St to Laclie or Take the Laclie exit from Highway 11 N
Story 1
Foundation Block
Sewer Sewer (Municipal)
Water Municipal-Metered
Structure Type Stucco,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 586590003
Ownership Freehold/None
Virtual Tour https://www.propertypanorama.com/instaview/itso/40672773