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66 Nottawasaga Street Orillia, Ontario L3V 3J4

4 Bedroom 2 Bathroom 1804 sqft
Partially Air Conditioned Forced Air

$859,900

7.3% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full. (id:63244)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number S13797516
Property Type Multi-family
Community Name Orillia
Amenities Near By Public Transit, Recreation
Parking Space Total 4

Building

Bathroom Total 2
Bedrooms Total 4
Appliances Dryer, Water Heater, Washer
Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 1804 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation
Sewer Sanitary Sewer
Size Depth 130 Ft
Size Frontage 35 Ft
Size Irregular 35 X 130 Ft
Size Total Text 35 X 130 Ft
Zoning Description Fourplex

https://www.realtor.ca/real-estate/30293407/66-nottawasaga-street-orillia-orillia

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