$1,599,900
Available - For Sale
Listing ID: S11437801
320 Laclie St , Orillia, L3V 4P1, Ontario
| 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. Seller will entertain a VTB |
| Price | $1,599,900 |
| Minimum Rental Term: | 12 |
| Maximum Rental Term: | 0 |
| Taxes: | $16250.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 320 Laclie St , Orillia, L3V 4P1, Ontario |
| Postal Code: | L3V 4P1 |
| Province/State: | Ontario |
| Legal Description: | Pt Lt 16 S/S North St, 17 S/S North St P |
| Directions/Cross Streets: | Laclie St. And North Street E. |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 4676.00 |
| Total Area Code: | Sq Ft |
| Financial Statement: | Y |
| Insurance Expense: | $600 |
| Gross Income/Sales: | $12936 |
| Operating Expenses: | $4000 |
| Net Income Before Debt: | $8936 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Orillia |
| Neighbourhood: | Orillia |
| Tax: | $16,250 |
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