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    For Sale - 416 Gill Street, Orillia, Ontario

    Est payment $6,865/mo
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    Views   1
    Time on Jump  17 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.




    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$1,384,900
    Bed / Bath8 / 4 Full
    StyleBungalow-Raised, Fourplex
    ConstructionBrick
    Land Size14761.78
    TypeMulti-Family
    StatusFor Sale

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

    Parking 8.00
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    Listing Agency:  RE/MAX JAZZ INC.
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    416 Gill Street
    Orillia , Ontario
    8 4 $1,384,900
    Get more info