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For Sale - 416 Gill Street, Orillia, Ontario

416 Gill Street

Orillia , Ontario

8 4 $1,199,000

Est payment $5,757/mo

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Time on Jump 111 day

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Purchase Price

Term

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Down Payment:
$ 59,950 ( 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 IDS13078240

Address416 Gill Street

CityOrillia, Ontario

Price$1,199,000

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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