




This 15-bedroom, 8-bathroom multi-family in Orillia offers 5,000 sqft of living space on a 10,376.3 sqft lot. 2 storeys. The property has lot dimensions of 110 x 94.3 FT, cross street Fittons Rd E & Laclie St, zoned R5i(H1). The home features forced air, natural gas heating, central air conditioning.
Turn-key investment property! Excellently maintained, purpose built, legal 8 unit apartment building. Located in northern Orillia in a quiet, well established neighborhood close to all amenities. Built in 2016 this 8-plex has 7, 2 bedroom units and 1, 1 bedroom units. Strong rents which are mostly close to market value this property is approximately a 5.31% return on cash investment. Very little maintenance required, generally fairly hands off property. All tenants pay their own utilities. Units have been well kept and maintained since construction with miscellaneous updates to the building since it was constructed. 9 parking spots and 1 handicapped parking spot. Do not go direct or bother tenants. Financials available upon inquiry. Buyer or their agent to verify that financials provided are true and accurate.
8 x fridge, 8 x stoves, 8 x dish washers
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Listed by ED LOWE LIMITED
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Listing represented by ED LOWE LIMITED · MLS# S12323957
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.