246 MISSISSAGA Street W Orillia, ON$2,195,000

#40270503

11

5

2991

About the Property

Fully updated, turn-key 4-plex in Orillia. Amazing investment opportunity! One 3 bed unit & three 2 bed units to maximize rental income. All units are completely separate (no common space for the landlord to manage/pay for). Current rents are Unit #1 $2,500/mo.+, Unit #2 Vacant, Unit #3 $2,400/mo.+, Unit #4 Vacant. Vacant units allow you to continue to set current market rents! Each apartment is bright and has been renovated and has its own separate entrance. Large parking lot provides parking spaces for each unit. Mature trees provide shade in the summer. In-suite laundry in each unit + extra laundry unit in basement. Great central location close to all amenities - bus transit, parks, hospital & shopping, and waterfront. Updated hydro, heat and water systems all separately metered. Estimated annual rents are $107,400. Tenants pay all utilities (heat, hydro, water). Definitely worth booking a showing to check this one out! (id:32937)

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Listing Agent

Sarah J. Stevens

Salesperson

(705) 325-7556

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Realtor.ca

Key Information

City: Orillia

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Depth

165 ft

Community Features

Community Centre

Features

Park/reserve, Beach, Paved driveway, Sump Pump

Location

Highway 11 to exit 131A (ON-12). At lights, continue straight onto Mississaga. Follow and take fork right to stay on Mississaga. 246 Mississaga will be about 1KM down on the left, between Douglas and Frederick streets.

Building

Bathrooms

5

Basement Development

Unfinished

Basement Type

Full (Unfinished)

Storeys

2

Building Style

Fourplex

Exterior Finish

Vinyl siding

Heating Type

Baseboard heaters, Forced air, Hot water radiator heat, Heat Pump

Cooling Type

Wall unit

Foundation Type

Stone

Parking Space Total

6

Measurements

Additional Info

Listing Contract Date

2022-06-07

Zoning Description

R1-11

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