Active
320 LACLIE STREET
Orillia Ontario, L3V4P1
C$1,849,900
C$395.62 per sqft
Active
4,676 sqft
Residential
Courtesy of EXIT REALTY TRUE NORTH
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. (id:41202)
S11437801
MLSⓇ ID
December 1, 2024
Updated
Map
320 LACLIE STREET
Orillia Ontario, L3V4P1
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Partially air conditioned
Heating
Yes
Heating Description
Hot water radiator heat, Natural gas
Exterior/Building Features
Other Property Details
Garage
No
View
No
Pool
No
Courtesy of EXIT REALTY TRUE NORTH
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