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:13139)
| MLS® Number | S13638498 |
| Property Type | Multi-family |
| Community Name | Orillia |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit |
| ParkingSpaceTotal | 4 |
| Structure | Deck, Patio(s), Porch |
| BathroomTotal | 4 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FlooringType | Vinyl |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
| No Garage |
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Public Transit |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 130 Ft |
| SizeFrontage | 35 Ft |
| SizeIrregular | 35 X 130 Ft |
| SizeTotalText | 35 X 130 Ft |
| ZoningDescription | Fourplex |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.45 m | 3.45 m | 3.45 m x 3.45 m |
| Second Level | Kitchen | 1.88 m | 2.41 m | 1.88 m x 2.41 m |
| Second Level | Bedroom 3 | 3.48 m | 3.78 m | 3.48 m x 3.78 m |
| Second Level | Living Room | 3.53 m | 4.24 m | 3.53 m x 4.24 m |
| Second Level | Kitchen | 2.44 m | 2.13 m | 2.44 m x 2.13 m |
| Second Level | Bedroom 4 | 3.45 m | 3.05 m | 3.45 m x 3.05 m |
| Main Level | Bedroom | 3.35 m | 3.25 m | 3.35 m x 3.25 m |
| Main Level | Living Room | 3.63 m | 3.25 m | 3.63 m x 3.25 m |
| Main Level | Kitchen | 2.11 m | 2.39 m | 2.11 m x 2.39 m |
| Main Level | Bedroom 2 | 2.72 m | 3.3 m | 2.72 m x 3.3 m |
| Main Level | Living Room | 3.38 m | 3.3 m | 3.38 m x 3.3 m |
| Main Level | Kitchen | 2.3 m | 2.4 m | 2.3 m x 2.4 m |
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30115367/66-nottawasaga-street-orillia-orillia
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