66 Nottawasaga Street Orillia, Ontario L3V 3J4
$949,900
Why renovate an underperforming asset when you can step into a proven performer? This fully legal, solid-brick fourplex delivers 6.8% 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) and all systems brought up to code. A recent fire & building inspection (Jan 2025) confirm full compliance offering peace of mind for any investor. 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:13139)
Property Details
| MLS® Number | S12347193 |
| Property Type | Multi-family |
| Community Name | Orillia |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit |
| ParkingSpaceTotal | 4 |
| Structure | Deck, Patio(s), Porch |
Building
| 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 |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| 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 |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28738991/66-nottawasaga-street-orillia-orillia
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August 28 2025 05:50:20
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Keller Williams Co-Elevation Realty, Brokerage