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371 East Street Orillia, Ontario L3V 4C6

10 Bedroom 4 Bathroom
Forced Air

$1,199,999

This Property Is A Legal Fourplex That Generates A High Income Of Approximately $82800 Annually For The Owner. The Annual Expenses Are Roughly: Hydro 580/month Gas 360/month Water 320/month Insurance 500/month Tax 4800/year Maintenance 2000/year. Monthly rental income: Unit 1 $1550, unit 2 $1650, unit 3 $1850, unit 4 $2000. The Location Of The Property Is Great And There Is A High Demand For Rentals In The Area. The Property Is Easy To Finance And Has A Walk Score Of 35 And A Bike Score Of 64. There Are A Total Of 10 Bedrooms In The Property And It Is Close To The Water And Downtown Area. Motivated Seller. **** EXTRAS **** Also Features A Newly Paved Driveway & Parking Lot & A Steel Roof. The Area Is Influenced By Georgian College, Lakehead University, Orillia Provincial Police Academy, Marina & Casino Rama. Lawn & Snow Maintenance Not Included In Expenses. (id:53086)

Property Details

MLS® Number S8241026
Property Type Single Family
Community Name Orillia
Parking Space Total 5

Building

Bathroom Total 4
Bedrooms Above Ground 9
Bedrooms Below Ground 1
Bedrooms Total 10
Basement Features Apartment In Basement
Basement Type N/a
Exterior Finish Aluminum Siding, Vinyl Siding
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Irregular 44 X 115 Ft
Size Total Text 44 X 115 Ft

https://www.realtor.ca/real-estate/26760472/371-east-street-orillia-orillia