66 Nottawasaga Street,Orillia, ON L3V3J4
Orillia, ON L3V3J4
Description
7.53% 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:13843)
Details
| MLS # | S13638498 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 85 |
| Listing Provided By | Real Broker Ontario Ltd. | LORRAINE JORDAN |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Fourplex |
Interior
| Cooling | Wall unit |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Foundation Details | Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4686.99 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V3J4 |
| Listing VS Median (in L3V3J4) | |
Price: $829,900 low | high Med: $829,900 sqft: 1,500 low | high Med: 1,652 $ / sqft: $553 low | high Med: $507 On site: 85 low | high Med: 63.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V3J4 |
| Listing VS Median (in L3V3J4) | |
Price: $829,900 low | high Med: $829,900 sqft: 1,500 low | high Med: 1,652 $ / sqft: $553 low | high Med: $507 On site: 85 low | high Med: 63.5 | |
