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    For Sale - 66 Nottawasaga Street, Orillia, Ontario

    Est payment $3,985/mo
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    Views   1
    Time on Jump  28 day

    AI Summary *

    • Fully renovated fourplex with all units leased and no renovations needed.
    • Tenants pay their own power, ensuring predictable operating expenses.
    • Quick tenant turnover reduces vacancy and ensures steady income.
    • Recent upgrades including roof, insulation, and air conditioning.
    • Great location near downtown, waterfront, and Lakehead University.




    7. 53% 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.
    Listing IDS13797516
    Address66 Nottawasaga Street
    CityOrillia, Ontario
    Price$829,900
    Bed / Bath4 / 4 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public Transit, Recreation/Community CentreBasement 1Heating / Cooling Gas Forced Air ClosedHeating Fuel GasSewer Sanitary

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    Listing Brokerage: Real Broker Ontario Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    66 Nottawasaga Street
    Orillia , Ontario
    4 4 $829,900
    Get more info