320 Laclie Street Orillia, Ontario L3V 4P1
$1,849,900
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:53086)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | S11437801 |
| Property Type | Multi-family |
| Community Name | Orillia |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 4676 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Frontage | 150 Ft |
| Size Irregular | 150 Ft |
| Size Total Text | 150 Ft |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/27693013/320-laclie-street-orillia-orillia
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November 28 2024 08:33:20
Toronto Real Estate Board
Exit Realty True North