320 Laclie Street, Orillia | Image 1

320 Laclie Street

Orillia, Orillia

  • Commercial

$1,849,900
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: C2

  • Age: No Data

  • Taxes: 16250

  • MLS®#: S11437801

  • Days on Site: 1 Days

  • Added: Nov 27, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: EXIT REALTY TRUE NORTH

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

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 8936

  • Area: Orillia

  • Community: Orillia

  • Availability Date: Flexible

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Hot Water

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: Pt Lt 16 S/S North St, 17 S/S North St Pl 8 Orilli

  • Taxes: $16,250

  • Expenses: Est

  • Insurance Fee: 600

  • Operating Fees: 4000

  • Taxes Type: Annual

Land

  • Cross Street: Laclie St. And North

  • Municipality District: Orillia

  • Parcel Number: 586590003

  • Lot Frontage: 150 Feet

  • Zoning: C2

Commercial Specific

  • Total Area: 4676

  • Total Area Metric: Sq Ft

  • Minimum Rental Months: 12

  • Lot Code: Lot

  • Financial Statement: Y

  • Gross Income/Sales: 12936

Map of 320 Laclie Street, Orillia
JK-6

ÉÉC Samuel-de-Champlain

Elementary: Catholic
1.30 km
JK-8

Couchiching Heights Public School

Elementary: Public
0.94 km
JK-8

Monsignor Lee Separate School

Elementary: Catholic
0.30 km
JK-8

Orchard Park Elementary School

Elementary: Public
0.79 km
JK-8

Harriett Todd Public School

Elementary: Public
2.53 km
JK-8

Lions Oval Public School

Elementary: Public
0.87 km
9-12

Orillia Campus

Secondary: Public
1.39 km
9-12

Gravenhurst High School

Secondary: Public
33.23 km
9-12

Patrick Fogarty Secondary School

Secondary: Catholic
1.09 km
9-12

Twin Lakes Secondary School

Secondary: Public
3.10 km
9-12

Orillia Secondary School

Secondary: Public
1.33 km
9-12

Eastview Secondary School

Secondary: Public
30.48 km
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$1,450,000
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  • 0 bed

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444 Laclie Street, Orillia | MLS: S9511508
For Sale
1 month ago
$1,459,000
  • 1 bath
  • 0 bed

444 Laclie Street, Orillia, Ontario • L3V 4P8 • Orillia