320 Laclie Street , Orillia, ON L3V 4P1
Orillia, ON L3V 4P1
Description
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.
Details
| MLS# | S11437801 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Extension |
| Days On Site | 77 |
| Listing Provided By | EXIT REALTY TRUE NORTH | Not Provided |
Features
| SQ Feet | 4,676 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Zip Code | L3V 4P1 |
| Area | Orillia |
| Listing VS Median (in L3V 4P1) | |
Price: $1,770,000 low | high Med: $1,770,000 SqFt: 4,676 low | high Med: 4,676 $ / SqFt: $379 low | high Med: $379 On Site: 77 low | high Med: 77.000000 | |