$899,000

About this home

Why renovate an underperforming asset when you can step into a proven performer? This fully legal, solid-brick fourplex delivers 7.3% CAP, immediate cashflow, and long-term stability in the heart of Orillia one of Ontario's fastest-growing and most consistently sought-after real estate markets. With ZERO vacancy history and tenants who love the quality finishes, leasing is effortless. Over $100,000 has been invested in upgrades to ensure this is a truly turn-key asset: new concrete collar (2022), freshly paved asphalt parking (2023), main-floor AC units (2023), A new roof (2019), high-efficiency furnaces (2020), new decks (both front and back), upper-level siding (2022), new storage shed (2022), attic insulation (2020), roof & eaves heating lines to prevent icicles (2021).The property features four updated one-bedroom units with private entrances, five separate hydro meters, shared basement laundry, and a four-car parking lot. Tenants appreciate the thoughtful design and modern finishes, ensuring strong retention and consistent returns. Located within walking distance of downtown Orillia's restaurants, shops, library, Lakehead University, waterfront trails, and boardwalk, this location continues to drive enduring tenant demand. A rare chance to own a meticulously upgraded, fully compliant, and consistently occupied fourplex that delivers dependable income from day one. (id:65958)

Subtype

Multi-family

MLS#

S12938618

Area

ORILLIA

Mortgage estimate