320 Laclie St

Orillia | Orillia | L3V 4P1
  • 4676.0 sqft
  • 0 gar

Ask: $1,849,900 $1,599,900

Est. Mtg $5,424 /mo
  • Days on market

    144

  • Status

    A

Listing Broker EXIT REALTY TRUE NORTH
Since listed: 2 views

Home details

MLS #:

S11437801

Property type:
Investment
Style:
Taxes:
$16,250
Possession:
Flexible
Condo Fee:
Lot Size:
150.0 X 0.0
Zoning:
C2
Use:
Apts-6 To 12 Units
Heat:
Gas Hot Water

Description


320 Laclie St, , Orillia, Ontario is a Investment property in Orillia and in the Orillia community in the L3V 4P1 postal code


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. Seller will entertain a VTB.

Extras

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Payment calculator

$6779 monthly. In association with: TD Bank
%
  • Principal and Interest
    5424 /mo
  • Property Taxes
    $1354 /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

Daniella Silvestri, Realtor

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