$1,849,900
( $395.62Per Sq Foot )
 $9,931 forsale estimated payment Sourced by Back At You

320 Laclie St , Orillia, ON L3V

Orillia, ON L3V

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Description

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.

Details

MlsS11437801
Listing TypeFor Sale
SubtypeResale
StatusNew
Days On Site8
Listing Provided ByEXIT REALTY TRUE NORTH | Not Provided

Features

Sq Feet4,676
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 5 minutes ago
StateON
CountySimcoe
CityOrillia
Zip CodeL3V
AreaOrillia
Listing VS Median (in L3V)
Price:
$1,849,900
low | high
Med:
$824,700
100% of Average
SqFt:
4,676
low | high
Med:
2,780
90.54747647562% of Average
$ / SqFt:
$396
low | high
Med:
$306
72.628791734724% of Average
On Site:
8
low | high
Med:
248.500000
3.219315895372% of Average
Sourced by Back At You
Listing Updated: November 30, 2024 at 1:06:03 PM PST