320 Laclie Street For Sale

Orillia, North Ward, L3V 4P1

$1,770,000

Description

Listed by Exit Realty True North Brokerage.

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.

Hot Water Tank Owned

Location

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  • Address: 320 Laclie Street
  • Neighborhood: North Ward
  • City: Orillia
  • State: ON
  • Postal Code: L3V 4P1

Property Video

Property Details

  • Property ID: 40672773
  • Property Price: $1,770,000
  • Style: Multi-6-9 Unit, Residential Income
  • Sq/Ft: 4676
  • Parking Spaces: 13
  • Exterior: Stucco, Wood Siding
  • Heating: Radiant Floor, Radiant
  • Taxes: $16,250.00 (2024)
  • # of stories: 1

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Property History

This property has been sold 3 times before. To view this property's sale price history please sign in or register:


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Recently Sold

  • Multi-6-9 Unit sold at 237-239 Brock Street, Kingston, Central City East, K7L 1S4 - MLS: 40668658
    • Sold 68 days ago

    237-239 Brock Street

    Kingston, Central City East, K7L 1S4

    $1,599,900

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100