320 LACLIE STREET

Orillia, , L3V4P1, Canada

$1,550,000

Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within.

Virtual Tour: https://www.propertypanorama.com/instaview/itso/40672773

Last updated on : Saturday 24th of May 2025 03:00:34 AM

ADDRESS

Street : 320 LACLIE STREET

City : Orillia

Country : Canada

Postal Code : L3V4P1

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PROPERTY SUMMARY

Property ID : 40672773

Building Type : Other

Property Type : Multi-family

Bedrooms : 11

Parking : 13

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