320 Laclie Street
Orillia, ON
MLS® 40672773
Bedrooms
11 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.
Property Details
Parking Total
13
13
Property Type
Residential
Residential
Road Type
Paved
Paved
Community Features
Public Transit
School Bus Route
Building
Appliances
Hot Water Tank Owned
Hot Water Tank Owned
Bedrooms
11
11
Building Type
Multi-6-9 Unit
Multi-6-9 Unit
Construction Materials
Stucco
Wood Siding
Stucco
Wood Siding
Security Features
Security System
Security System
Heating
Radiant Floor
Radiant
Radiant Floor
Radiant
Roof
Membrane
Membrane
Sewer
Sewer (Municipal)
Sewer (Municipal)
Stories
1
1
Water Source
Municipal-Metered
Municipal-Metered
Land
Lot Front
159.00 ft
159.00 ft
Acres
0.50–1.99 Acres
0.50–1.99 Acres
Zoning
C2
C2
Landscape Features
Year Round Living
Walk Score
Exit Lifestyle Realty Brokerage
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Last Updated: 2024-11-28 20:14:59