Homes for sale - 320 Laclie Street, Orillia, ON L3V 4P1

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Kaleb Streeter • Exit Realty True North Brokerage

$1,770,000

Est. payment - /mo

11 Beds

4,676 SqFt

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UPDATED:

01/22/2025 01:49 PM

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

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

320 Laclie Street Orillia, ON L3V 4P1

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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320 Laclie Street