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LPT Realty Canada

canada@lptrealty.com

$ 859,900

Est. payment | -/mo

4 Beds

4 Baths

Save

$ 859,900

Est. payment | -/mo

Save

4 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Orillia

MLS Listing ID S13638498

Style 2-Storey

Bedrooms 4

Annual Tax Amount $4,686

Tax Year 2026

Property Sub-Type Fourplex

Property Description

7.3% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full.

Location

State ON

County Simcoe

Area Simcoe

Rooms

Family Room No

Basement Unfinished, Full

Kitchen 4

Interior

Interior Features Accessory Apartment, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater Owned

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Patio, Landscaped, Porch

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 35.0

Lot Depth 130.0

Total Parking Spaces 4

Building

Unit Features Arts Centre,Park,Place Of Worship,Public Transit

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by Real Broker Ontario Ltd.

Schools and Properties Nearby

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66 Nottawasaga ST Orillia, ON L3V 3J4