214 Mississaga St W

Orillia | Orillia | L3V 3B5
  • 5
  • 5
  • 0

$1,649,900

Est. Mtg $5,594 /mo
  • Days on market

    83

  • Status

    New

Listing Broker ROYAL LEPAGE QUEST
Since listed: 0 views

Home details

MLS #:

S9300149

Property type:
Multiplex
Style:
2-Storey
Taxes:
$6,420
Possession:
Flexible
Lot Front:
66.0   Feet
Lot Depth:
165.0   Feet
Basement:
Other |
Driveway Pkg:
8
Heat:
Gas | Water

Description


214 Mississaga St W, , Orillia, Ontario is a Multiplex property in Orillia and in the Orillia community in the L3V 3B5 postal code


Are you an investor? Looking for an investment where the numbers finally work? 1) Presenting an exquisite 5-plex investment property where you have the opportunity to set your own rents, fully reimagined with meticulous attention to detail. This property boasts four legally recognized units, with the front of the house being gutted to the studs and rebuilt new, and the back half is newly built to the highest standards, with luxurious finishes. 2) Step into each unit and be welcomed by stunning kitchens, outfitted with top-of-the-line stainless steel appliances and stylish cabinetry. The renovations extend to every aspect of the units, including individual air conditioning units, in-suite washers and dryers, and elegantly appointed bathrooms with towel warmers. And Triple-glazed front windows ensure quiet interiors, even with the property's prime location. 3) This property is a licensed short-term rental, fully compliant with the City of Orillia regulations, and the license is transferable to the new owner. Units 1, 2, 3, and 4 are being offered fully furnished, and the property features a new metal roof, new upgraded flooring, new floor joists, new electrical, new plumbing, spray foam insulation, a high-end security camera system, and a sprinkler system, ensuring peace of mind and energy efficiency. 4) The propertys separately metered 200-amp service allows for precise control over heating and hydro, facilitated by an energy-efficient on-demand hot water boiler with durable aluminum radiators for longevity. State-of-the-art access control technology enables remote management, making ownership effortless. 5) Situated in the heart of the city, directly across from the hospital, this property benefits from HC2 zoning, permitting a wide range of uses and offering excellent potential for future development. This 5-plex is more than just a place to live - it's an exceptional investment opportunity where every detail has been crafted to offer both luxury and practicality..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2022-04 2023-08 $2,150,000 $1,960,000 Exp S6334054
2022-05 2022-07 $2,150,000 $1,960,000 Exp S5604755
2022-07 2022-09 $1,960,000 $1,960,000 Ter S5712355
2023-05 2023-07 $1,779,900 $1,779,900 Ter S6028008
2023-07 2023-10 $1,699,900 $1,699,900 Exp S6672164
2024-09 2024-09 $1,649,900 $1,649,900 New S9300149
2023-07 $2,150,000 $1,960,000 S6334049
2023-08 $1,960,000 $1,960,000 S6334308

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Orillia :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 214 Mississaga St W

Based on available 3rd party data

$6264

Approximate costs per month

Mortgage
$5594 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$535 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE QUEST
Data Source: TRREB

Payment calculator

$6129 monthly. In association with: TD Bank
%
  • Principal and Interest
    5594 /mo
  • Property Taxes
    $535 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Jim Millis, Realtor

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