92 MARY Street , Orillia

7+2 Bed / 8 Bath / $1,400,000 / MLS® Listing #:40254570

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Awesome opportunity in prime location, across from Victoria park, walk downtown to Orillia's beautiful waterfront with Marina, beaches & trails. Located in the heart of Ontarios recreation district. It offers all major amenities, multiple tourist events, hiking, biking, boating, skiing, camping, private airports, Casino Rama and all only 1 hr from GTA. 8 units in this charming century home. 4 in the original house and 4 in the addition. Fire-coded, new shingles, coin laundry, gas hot water heat. Perfect for those wanting a property with an upside. With tenant turnover & some updates you could increase the value greatly and refinance. Orillia is one of Canada's top rated cities to invest in. It has higher-than average population growth rate (7%) thanks to major employers like OPP & Hydro One, a growing education sector (Lakehead University & Georgian College) & Upgraded infrastructure & Fibre Optics and an amazing Downtown & Waterfront. It s a winning combination especially for those looking to buy and hold. It has potential to be very upscale short term rental or Airbnb. Recognized 7 plex with a 8th non-conforming unit. Gross income $87,672.00. Expenses: Hydro $4880, Water/Sewer $4860, Heat $5283, Taxes $11919. For more info contact Listing Agent. (id:10452)

Property Details

Property Type House
Architectural Style 2 Level
Square Feet 5560.0000
Maintenance N/A
Days On Our Website 13
Basement Unfinished - Full (Unfinished)
Kitchens 8
Lot Dimensions under 1/2 acre
Pool N/A
Area Orillia
Air Conditioning None
Heating - Hot water radiator heat
Exterior Brick, Vinyl siding
Parking Spaces 7
Sewers Municipal sewage system
Water Municipal water

Listing Office: Simcoe Hills Real Estate Inc. Brokerage



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