462 LACLIE Street Orillia, ON$2,120,000

#40135818

N/A

12

6020

About the Property

VALUE ADD OPPORTUNITY 12 Unit - Multi-Family Apartment building with 10 x bachelor units and 1 x 1 bdrm unit AND 1 x 2 bdrm unit. Each unit has 2 separate entrances. Low maintenance expenses, steel roof, common heat system. Property is always full as there are so few purpose built small apartment complexes. Potential to build an addition with 4 more units on north side of building. Well located, on bus route, and near essential amenities such as grocery store, beer store, etc. which is about 200 meters away! Real potential to increase value of the property by almost doubling the rents to meet current market! (id:32937)

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Listing Agent

Stephanie Maye

Broker of Record

(705) 728-9000

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Key Information

City: Orillia

Lot Size: 0.26 ac|under 1/2 acre

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Size

0.26 ac|under 1/2 acre

Land Depth

100 ft

Features

Corner Site

Location

Galley Ave & Laclie Street

Building

Bathrooms

12

Basement Development

Unfinished

Basement Type

Partial (Unfinished)

Storeys

2

Exterior Finish

Brick

Heating Type

Baseboard heaters

Cooling Type

None

Foundation Type

Block

Parking Space Total

11

Measurements

Additional Info

Listing Contract Date

2021-06-21

Zoning Description

C4

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