320 Laclie Street, Orillia, Ontario L3V 4P1

Listed for:
$1,650,000
0 beds
0 baths
Listed 104 days ago
Multi-Family for rent: 320 Laclie Street, Orillia, Ontario L3V 4P1

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Learn more about this property
Listing provided by:
EXIT REALTY TRUE NORTH
MLS® number:
S11437801
Agent:
Kaleb Streeter
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About

Laclie St. And North Street E. 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. Seller will entertain a VTB (id:27476)

Property Highlights

MLS® Number
S11437801
Type
Multi-family
Community Name
Orillia
Land Size
150 FT

Building

Building Type
Multi-Family
Square Footage
4676 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Hot water radiator heat
Heating Fuel
Natural gas
Building Cooling Type
Partially air conditioned

Utilities

Water
Municipal water

Location

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