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