320 Laclie Street Orillia, Ontario L3V 4P1
$1,550,000
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:49269)
Property Details
| MLS® Number | 40672773 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | School Bus |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 13 |
Building
| BedroomsTotal | 11 |
| BasementType | None |
| ConstructionMaterial | Wood Frame |
| CoolingType | None |
| ExteriorFinish | Stucco, Wood |
| FireProtection | Security System |
| HeatingType | In Floor Heating, Radiant Heat |
| StoriesTotal | 1 |
| SizeInterior | 4676 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeFrontage | 159 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | C2 |
https://www.realtor.ca/real-estate/27647150/320-laclie-street-orillia
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April 25 2025 02:02:23
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