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$ 859,900
Est. payment | /mo
2 Baths
1,804 SqFt
$ 859,900
Est. payment | /mo
2 Baths
1,804 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1,804 sqft
Price per Sqft $476
Subdivision Orillia
MLS Listing ID S13797516
Annual Tax Amount $4,686
Tax Year 2026
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Kitchen 4
Interior
Cooling Partial
Heat Source Gas
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 35.0
Lot Depth 130.0
Others
ParcelsYN No
Listed by Real Broker Ontario Ltd.
Nearby Locations
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