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320 LACLIE STREET
Orillia Ontario L3V4P1 Canada

$1,849,900

Active Listing ID S11437801
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4,676 square feet
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Multi-family

$1,849,900

Active Listing ID S11437801
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320 LACLIE STREET 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Partially air conditioned
  • Heating Systems: Hot water radiator heat, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/28/2024 8:40:58 PM GMT
Source Updated Date: 12/31/2024 12:28:26 AM GMT

Courtesy of: KALEB STREETER, Salesperson, EXIT REALTY TRUE NORTH