Address
66 Nottawasaga Street, Orillia, ON
Price
$ 859,900

Your Agent

Sohrab Milani

Real Estate Agent

705-739-4455


Listing provided by Sohrab Milani, Real Estate Agent, The Peggy Hill Group

Property Attributes
  • ID#S13797516
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityOrillia
  • CityOrillia
  • AreaOrillia
  • NeighbourhoodOrillia
  • Postal CodeL3V 3J4
  • Style
  • Price$ 859,900
  • Bedrooms4
  • Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1804
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)

General Features

Property Type Multi-family
Zoning Description Fourplex
CommunityName Orillia
Amenities Public Transit, Recreation
Building Appliances Dryer, Water Heater, Washer
Building Cooling Type Partially air conditioned
Business Type Residential
Business Sub Type Apartments
Location Description Cross Streets: Albert St N & Nottawasaga St. ** Directions: Coldwater to Albert St N to Nottawasaga St.
Parking Space Total 4
Building Type Multi-Family

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Natural gas
Living Area Range 1804
Bedrooms 4

Exterior Features

Land Amenities Public Transit, Recreation
Sewer Sanitary sewer

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3V 3J4

Price
AVG $790K
$860K

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Your Agent

Sohrab Milani

Real Estate Agent

705-739-4455


Listing provided by Sohrab Milani, Real Estate Agent, The Peggy Hill Group

Listed By
Real Broker Ontario Ltd.

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