Barrie, Innisfil and Orillia Real Estate - Full Real Estate Solutions and Investment

77 Matchedash St S Central (Orillia, Ontario, CA - L3V 4W6) Built

$1,150,000 CAD
Income Property in Orillia

RE/MAX Chay Realty Inc., Brokerage

Shannon P. Murree REALTOR® Shannon P. Murree REALTOR® 705-722-7100 (Office) 888-822-2606 (Office) 705-722-5246 (Fax) Request More Info

  • 9 Units
  • Type: Multifamily
  • Style: Multiplex
  • Bedrooms: 12
  • Bathrooms: 9
  • Size: 6,200 sq. ft.
  • Development Level: Built
  • Lot Type: Rectangular
  • Lot Size: 65ft x 67ft
  • Suite: Yes
  • Taxes: $9,848.00 CAD (2017)

Description

TURNKEY INVESTMENT - 9 Unit Building: 8 units updated to modern fixtures. Built-in shelving in bedrooms. See photos. 9 plex, seperately metred - tenants pay own utilities in Orillia close to Front Street and access to waterfront and downtown Orillia. Mix of 1 bedroom units. In lower level unit, 4 bedrooms. On a bus route and a very nice, clean, renovated/updated building with modern flare.

Great tenants in place. No vacancy or arrears. Great opportunity to add to existing portfolio or want to have a good income-producing property for JVs or yourself! All units are separately metered and self contained. Opportunity to increase income as upcoming rental increases and with two of the units presently having utilities paid by landlord, opportunity to eliminate expense upon tenant turnover. Great location close to Colburn St E, Front St to Elgin - At Corner Matchedash. Close to downtown, waterfront, restaurants, OPP station and more.

Note: Each unit heated/cooled by ductless split in which cost covered by tenant (except for two units).

Orillia is undergoing a lot of revitalizing and this is a good investment property to consider. Laminate flooring in units. Serious inquiries only please. Forward L/A confidentiality agreement please for request of full financial statements.

INCOME:
ANNUAL $89.831.04

EXPENSES:
ANNUAL $18,862.68

NET ANNUAL CASHFLOW $70,968.36

To request showing, please ensure to give sufficient time so L/A can prepare and serve required 24 hours written notice as per Residential Tenancies Act (RTA)

Listing representative does not participate in handshake via Point2. For more information or appointment contact SHANNON MURREE TEAM of RE/MAX Chay Realty Inc Brokerage 705-722-7100 or toll free: 1 (866) 606-2429. Not intended to solicit anyone under agency agreement whether written or implied.

Attachments

Features

Interior Features

  • Laminate Floors
  • Laundry Room

Exterior Finish

  • Brick

Lot Features

  • Deck
  • Lawn
P2#260801875
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