view of side of property featuring a lawn and brick siding Features: lawn

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view of side of home featuring brick siding

kitchen with dark countertops, gray cabinets, and freestanding refrigerator Features: raised cabinets, sink, refrigerator, countertops, gray cabinets

kitchen with white appliances, gray cabinets, and under cabinet range hood Features: raised cabinets, refrigerator, range hood, gray cabinets, range oven, countertops

full bath with vanity, shower / bathtub combination, and light stone finish flooring Features: natural light, toilet, combined bath shower, vanity

kitchen with white cabinets, white appliances, light countertops, and dark wood finished floors Features: vent, countertops, natural light, white cabinets, range hood, galley kitchen, range oven, hardwood floor, sink, refrigerator

kitchen featuring white cabinets, light countertops, and dark wood-style flooring Features: countertops, natural light, raised cabinets, sink, hardwood floor, white cabinets

kitchen featuring white appliances, white cabinets, light countertops, dark wood-type flooring, and extractor fan Features: hardwood floor, sink, refrigerator, white cabinets, raised cabinets, range oven, range hood, countertops, galley kitchen

kitchen with white cabinets, light countertops, and dark wood-style floors Features: white cabinets, countertops, raised cabinets, sink, hardwood floor

kitchen with white appliances, white cabinetry, light countertops, dark wood-style floors, and under cabinet range hood Features: raised cabinets, refrigerator, countertops, white cabinets, range hood, hardwood floor, range oven

unfurnished room with dark carpet Features: carpet

unfurnished bedroom featuring carpet floors and a closet Features: carpet, closet

kitchen with light countertops, white appliances, white cabinetry, and dark wood-type flooring Features: countertops, sink, hardwood floor, range oven, white cabinets, galley kitchen, refrigerator, range hood

communal laundry room with light tile patterned floors and washer and clothes dryer Features: stacked washer dryer, laundry, separate washer dryer, tile floor

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For Sale - 416 Gill Street, Orillia, Ontario

416 Gill Street

Orillia , Ontario

8 4 $1,299,000

Est payment $6,439/mo

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Time on Jump 76 day

AI Summary *

All brick fourplex with four identical 2-bedroom, 1-bath apartments.
Fully tenanted with reliable tenants and eight parking spaces available.
Well-maintained units featuring updated kitchens and in-unit storage.
New shingles and windows for energy efficiency and durability.
Large lot with potential for additional dwelling units.

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Purchase Price

Term

Interest Rate

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Down Payment:
$ 64,950 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

The perfect fourplex doesn't come around very often.... Until today!! 416 gill street is a purpose built, all brick fourplex with four 2 bedroom , 1 bath apartments, all the same, approximately 860 sqft each. The property is fully tenanted with four fantastic tenants. Property provides 8 parking spaces for your tenants. The updated apartments are in fantastic condition, three with newer kitchens. All units have separately metered forced air gas furnaces, separate hydro meters and a large in unit storage closet. Sound proofing added between upper and lower apartments for peaceful living. New 25 year architectural shingles in 2014 and all new windows in 2017/18. On-site coin laundry for tenant convenience, two washers and two gas dryers, all owned. All units also have full size appliances. New back up generator installed in 2025 that powers part of the building including hot water. Very large lot for your tenants to enjoy the yard, but could also be large enough to add additional dwelling units on property (check with city of orillia planning). There is lots of upside on tenant turnovers as well. A great addition to your multi-unit investment portfolio or perfect hassle free investment to get started on your landlord journey.

Listing IDS12555286

Address416 Gill Street

CityOrillia, Ontario

Price$1,299,000

Bed / Bath8 / 4 Full

StyleBungalow-Raised, Fourplex

ConstructionBrick

Land Size14761.78

TypeMulti-Family

StatusFor Sale

Extras

Subtype FourplexIndoor Features Separate Heating Controls, Generator - PartialOwnership FreeholdBasement ApartmentFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 8.00

Listing Agency:
RE/MAX JAZZ INC.

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Listing Agency:
RE/MAX JAZZ INC.

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For Sale - 416 Gill Street, Orillia, Ontario

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Property Info

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