Space
Finished area and layout
- Living Area
- 1,804 sqft
- Bedrooms
- 4
- Bathrooms
- 4





Property Snapshot
MLS #S13797516
Finished area and layout
Type, style and structure
This 4-bedroom, 4-bathroom fourplex in Orillia offers 1,804 sqft of living area on a 4,550 sqft lot. 2 storeys. The property has lot dimensions of 35 x 130 FT, cross street Albert St N & Nottawasaga St, zoned Fourplex. The home features wall unit(s), a unfinished, full basement. Highlights include a none pool.
7.53% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full. (id:60351)
Coldwater to Albert St N to Nottawasaga St
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Land, frontage and setting
Price, taxes and monthly charges
Listed by LORRAINE JORDAN, Real Broker Ontario Ltd.
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Listed by LORRAINE JORDAN, Real Broker Ontario Ltd. · MLS# S13797516
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