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Orillia,ON L3V 3J4
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Orillia
MLS Listing ID S12190211
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,353
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Position yourself in the heart of Orillia-one of Ontario's fastest-growing and most consistently sought-after real estate markets. This fully legal, solid-brick fourplex offers immediate cash flow, long-term stability, and a level of quality rarely seen in income properties. With four beautifully updated one-bedroom units, this building blends historical charm with contemporary upgrades, appealing to discerning tenants and savvy investors alike. Meticulously renovated over the past four years, the property has undergone extensive capital improvements a new roof (2019), high-efficiency furnaces (2020), AC units for main floor apartments, new concrete walkways (2022), and fresh exterior enhancements such as new decks, upper-level siding, and a dedicated storage shed (2023). With no deferred maintenance, this is a truly turnkey asset. A recent fire and building inspection in January 2025 confirms full compliance with all municipal codes, ensuring peace of mind and regulatory clarity for any investor. Designed for long-term operational ease, the building includes five separate hydrometers, private entrances for each unit, shared basement laundry, and a newly paved four-carparking lot. These thoughtful upgrades enhance both tenant satisfaction and property management efficiency. The flexible zoning also allows for a variety of rental strategies, whether continuing with traditional long-term tenants or exploring mid-term furnished rental opportunities. Located just a short walk from Orillia's bustling downtown, tenants enjoy direct access to a wealth of amenities including restaurants, cafés, boutique shops, the public library, and Lakehead University. The nearby boardwalk and waterfront trails further enhance the area's appeal, contributing to strong and consistent rental demand. If you're looking to expand your real estate portfolio with a high-performing, low-maintenance asset this fourplex presents a unique opportunity to secure proven income in a thriving area.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Basement Unfinished,Full
Kitchen 4
Interior
Interior Features Accessory Apartment,Primary Bedroom - Main Floor,Separate Hydro Meter,Water Heater Owned
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Patio,Landscaped,Porch
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 35.0
Lot Depth 130.0
Total Parking Spaces 4
Building
Unit Features Arts Centre,Park,Place Of Worship,Public Transit
Foundation Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector