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$ 829,900
Est. payment /mo
Price Dropped by $30K
66 NOTTAWASAGA STREET Orillia, ON L3V3J4
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Subdivision Orillia
MLS® Listing ID S13638498
Bedrooms 4
Property Description
7.53% 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:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Second level 3.45 m X 3.45 m Living room
Extra Room 2 Second level 1.88 m X 2.41 m Kitchen
Extra Room 3 Second level 3.48 m X 3.78 m Bedroom 3
Extra Room 4 Second level 3.53 m X 4.24 m Living room
Extra Room 5 Second level 2.44 m X 2.13 m Kitchen
Extra Room 6 Second level 3.45 m X 3.05 m Bedroom 4
Interior
Heating Forced air
Cooling Wall unit
Flooring Vinyl
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Sanitary sewer
Listed by Real Broker Ontario Ltd.
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