About This Property

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.

MLS Remarks

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.

Inclusions

8 x fridge, 8 x stoves, 8 x dish washers

Price History