66 NOTTAWASAGA STREET, Orillia, Ontario, L3V 3J4

$859,900

MLS® # S13638498

Investment For Sale In Orillia, Ontario

$859,900

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

Courtesy of: Real Broker Ontario Ltd.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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