Active

320 Laclie Street

Orillia ON, L3V 4P1

C$1,900,000


C$406.33 per sqft

Active

11 Beds

4,676 sqft

Multi-family

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.

40672773

MLS ID

November 13, 2024

Listed

November 25, 2024

Updated

Map

320 Laclie Street
Orillia ON, L3V 4P1

Interior Features

Total Stories

1


Bedrooms

11


Interior Features

None


Appliances

Hot Water Tank Owned


Laundry Description

Coin Operated


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Radiant Floor, Radiant

Exterior/Building Features

Exterior Features

Year Round Living


Lot Features

Public Transit, School Bus Route


Roof

Membrane


Sewer

Sewer (Municipal)

Other Property Details

Area Name

Orillia


Taxes

$15,870


Tax Frequency

Annually


Garage

No


Parking

Leased


Parking Total

13


View

No


County

Simcoe County


Water Source

Municipal-Metered


Pool

No


Pool Features

None


Zoning

C2

 

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