$859,900
Available - For Sale
Listing ID: S13797516
66 Nottawasaga Street , Orillia, L3V 3J4, Simcoe
| 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. |
| Price | $859,900 |
| Taxes: | $4686.99 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 66 Nottawasaga Street , Orillia, L3V 3J4, Simcoe |
| Postal Code: | L3V 3J4 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 4 N/S NOTTAWASAGA ST PL 137/180 OR |
| Directions/Cross Streets: | Albert St N & Nottawasaga St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 1804.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Recreation/Comm |
| Management Expense: | 0 |
| Water Expense: | $2743 |
| Net Income Before Debt: | $62466 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 2 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary |
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| Real Broker Ontario Ltd. |
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Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Orillia |
| Neighbourhood: | Orillia |
| Tax: | $4,686.99 |
| Baths: | 2 |
| Fireplace: | N |
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