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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