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$859,900
4 Beds ⋅ 4 Baths ⋅ S13638498 MLS® #
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. (id:5764)

66 Nottawasaga Street, Orillia

Listing courtesy of Real Broker Ontario Ltd..

$595,000
6 Beds ⋅ 2 Baths ⋅ S13226650 MLS® #
What If Homeownership Cost Less Than Renting? Step Up To 58 Nottawasaga Street. This Legal Duplex Features Two Bright And Spacious 3-Bedroom Units, Both Above Grade. Whether You're A First-Time Buyer Looking To Offset Your Housing Costs Or An Investor Seeking Strong Rental Potential, This Property Delivers Flexibility And Long-Term Value. Extensively Renovated Over The Past 10 Years, The Home Offers Modern Finishes And Updated Major Systems Without The Worry Of Immediate Capital Expenses. Bring Your Imagination To The Third Floor Loft, A Flexible Space With Potential For Additional Living Area, A Home Office, Studio, Or Storage. Enjoy A Lifestyle Just Minutes From Lake Couchiching, Downtown Shops And Restaurants, Parks, Trails, And All The Conveniences That Make Orillia One Of Ontario's Fastest-Growing Communities. (id:5764)

58 Nottawasaga Street, Orillia

Listing courtesy of .