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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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