Awesome opportunity in prime location, across from Victoria park, walk downtown to Orillia's beautiful waterfront with Marina, beaches & trails. 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. Recognized 7 plex with a 8th non-conforming unit. Gross income $87,672.00. Expenses hydro 4880.water 4860, taxes 11919. 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. Amazing Downtown & Waterfront. 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. It s a winning combination especially for those looking to buy and hold. IT has potential to be very upscale short term rental or AIR bnb. Tenants are month to month. For more info floor plans contact listing agent (id:10452)

Property Details

Listing Office: Simcoe Hills Real Estate Inc. Brokerage

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