Property Information:

7.3% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Air Conditioning: Yes
Amenities: Separate Hydro Meters
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Floor Space: 1500 - 2000 sqft
Flooring Type: Vinyl
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Wall unit
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4
Bathrooms: 4
Amenities Nearby: Park, Public Transit
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Landscape Features: Landscaped
Lot Depth: 130 Feet
Lot Frontage: 35 Feet
Lot Size: 35 x 130 FT
Structure Type: Deck, Patio(s), Porch
Utility Type: Sewer - Installed, Cable - Installed, Hydro - Installed
Zoning: Fourplex
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Rooms:

Living 2nd Level 3.45 m x 3.45 m
Kitchen 2nd Level 1.88 m x 2.41 m
3rd Bedroom 2nd Level 3.48 m x 3.78 m
Living 2nd Level 3.53 m x 4.24 m
Kitchen 2nd Level 2.44 m x 2.13 m
4th Bedroom 2nd Level 3.45 m x 3.05 m
Bedroom Main Level 3.35 m x 3.25 m
Living Main Level 3.63 m x 3.25 m
Kitchen Main Level 2.11 m x 2.39 m
2nd Bedroom Main Level 2.72 m x 3.30 m
Living Main Level 3.38 m x 3.30 m
Kitchen Main Level 2.30 m x 2.40 m

Convert Measurement to:

Courtesy of: Real Broker Ontario Ltd.

More Detail

Less Detail

Demographic Information of 66 NOTTAWASAGA STREET, Orillia, Ontario, L3V 3J4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,091.05

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.89 %

High school certificate or equivalent

36.57 %

Apprenticeship trade certificate/diploma

5.74 %

College/non-university certificate

18.86 %

University certificate (below bachelor)

0.25 %

University Degree

12.68 %

Commuter

Travel To Work

By Car

74.6 %

By Public Transit

3.42 %

By Walking

15.32 %

By Bicycle

2.29 %

By Other Methods

4.37 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

42.39 %

Houses

57.61 %

66 NOTTAWASAGA STREET, Orillia, Ontario, L3V 3J4