Asking Price:
$1,350,000
Ref# S11981384
Looking for a turn key investment? Only 20 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring four 2-bedrooms units and 1 bachelor unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($92, 400 ), resulting in an excellent cap rate. All units have all been beautifully renovated with commercial grade flooring (2023 ), new kitchens (2023 ) and bathrooms (2023 ). An easy building to maintain with a steel roof, vinyl siding, new breaker panels and separate hydro meters for all tenants, and low operating costs ($17, 653 ). Baseboard heating in bedrooms & heat/air conditioner unit in the living rooms. Located right across the street from the lake, and conveniently located just minutes from Hwy 12 and downtown Orillia, this is an opportunity to buy and benefit from the revitalization of Orillia. Financials Attached.
Property Features
- Total Area: 2880 Sq Ft
- Estimated annual taxes: $7787.92
- Land Size: 90 X 135
- Approx. age: 16-30 years
- Investment / Apartment
- Allowed Use: Apts-2 To 5 Units
- Zoning: C41
- Garage Type: None
- Garage Spaces: None
- Occupancy: Tenant
- Y AC
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
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Looking for a turn key investment? Only 20 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring four 2-bedrooms units and 1 bachelor unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($92, 400 ), resulting in an excellent cap rate. All units have all been beautifully renovated with commercial grade flooring (2023 ), new kitchens (2023 ) and bathrooms (2023 ). An easy building to maintain with a steel roof, vinyl siding, new breaker panels and separate hydro meters for all tenants, and low operating costs ($17, 653 ). Baseboard heating in bedrooms & heat/air conditioner unit in the living rooms. Located right across the street from the lake, and conveniently located just minutes from Hwy 12 and downtown Orillia, this is an opportunity to buy and benefit from the revitalization of Orillia. Financials Attached.
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
clients and customers.
We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
clients and customers.
We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
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Property Rooms
| Floor | Room | Dimensions | Description |
Appointment Request
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
clients and customers.
We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Appointment Request
We only collect personal information strictly necessary to effectively market / sell the property of sellers,
to assess, locate and qualify properties for buyers and to otherwise provide professional services to
clients and customers.
We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.