320 Laclie Street

Orillia, ON

MLS® 40672773

For sale
$1,900,000

Bedrooms
11
Interior Size
4676 ft2
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.
Property Details
Listing Contract Date
2024-11-13
Parking Total
13
Property Type
Residential
Road Type
Paved
Community Features
Public Transit
School Bus Route
Building
Appliances
Hot Water Tank Owned
Bedrooms
11
Building Type
Multi-6-9 Unit
Construction Materials
Stucco
Wood Siding
Security Features
Security System
Heating
Radiant Floor
Radiant
Roof
Membrane
Sewer
Sewer (Municipal)
Interior Size
4676 Square Feet
Stories
1
Water Source
Municipal-Metered
Land
Lot Front
159.00 ft
Acres
0.50–1.99 Acres
Zoning
C2
Landscape Features
Year Round Living
HoodQ
Kaleb Streeter
Salesperson
Exit Lifestyle Realty Brokerage

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence. All information is deemed reliable but not guaranteed.

Listing ID: 155296800
Last Updated: 2024-11-14 06:23:15
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