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320 LACLIE STREET Orillia
  • 320 LACLIE STREET Orillia
  • 320 LACLIE STREET Orillia
  • 320 LACLIE STREET Orillia
  • 320 LACLIE STREET Orillia
  • 320 LACLIE STREET Orillia
  • 320 LACLIE STREET Orillia
  • 320 LACLIE STREET Orillia

320 LACLIE STREET, Orillia, Ontario

$1,849,900

  • 4,676 Square Feet

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. (id:23309)

  • Listing ID: S11437801
  • Property Type: Multi-family
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Details

  • Transaction: For sale
  • Zoning Description: C2

Building

  • Cooling: Partially air conditioned
  • Fireplace Present: False
  • Heating: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Size Interior: 4676 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 150 ft
  • Size Irregular: 150 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 320 LACLIE STREET in Orillia Ontario. It was last modified on November 28th, 2024. Contact Melissa Cherry to schedule a viewing or to discover other Orillia real estate for sale.

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