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$ 1,286,500
Est. payment | /mo
4 Beds
4 Baths
$ 1,286,500
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision Orillia
MLS Listing ID S12030043
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,353
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Imagine owning a piece of history in the scenic vacation hotspot of Orillia, where every day feels like a getaway. This remarkable full brick building, built to last the ages, houses four beautifully updated one-bedroom units, each a testament to timeless craftsmanship and classic style. Step inside, and you'll find a world of upscale contemporary living. With every detail meticulously updated within the last four years, there's nothing left to do but enjoy. From the plumbing to the electrical, and everything in between, this property is completely turnkey with no deferred maintenance. Attract top-tier tenants with this impeccable building, a smart investment opportunity with proven income, system, and business strategy. The property is fully legal, adhering to all township building codes and fire safety regulations, with a recent inspection passing in January 2025. The flexible zoning opens up a world of possibilities keep it as a mix of short and long-term rentals or convert all four units into a unique boutique hotel experience, capitalizing on Orillia's thriving tourism. Nestled just a short walk from the vibrant downtown strip, you'll find yourself surrounded by incredible restaurants, boutique shops, and cozy cafes. The picturesque boardwalk waterfront invites you for peaceful strolls, while the nearby public library and Lake head University add to the community's vibrant culture. Seize this incredible opportunity to live the entrepreneurial life you've always dreamed of. Whether you're looking to diversify your income or start a new business venture, this property offers the perfect blend of convenience, and financial growth. Your stronger financial future starts here, offering a wealth of possibilities.*Completely Reno'd 2020 * New Roof 2019 * Furnaces 2020 * Concrete Collar 2022 * New Decks & Shed 2023 * 4 Spot Asphalt Parking 2022* Updated Upper Siding 2023 * Fantastic Location * 5 Separate Hydro Meters * Bsmnt Laundry * Great Income With Room For More*
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter, Water Heater
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 35.0
Lot Depth 130.0
Total Parking Spaces 4
Building
Foundation Concrete
Listed by RE/MAX HALLMARK CIANCIO GROUP REALTY
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