371 EAST ST

Orillia, Ontario, L3V4C6, Canada

$1,199,999

This Property Is A Legal Fourplex That Generates A High Income Of Approximately $82800 Annually For The Owner. The Annual Expenses Are Roughly: Hydro 580/month Gas 360/month Water 320/month Insurance 500/month Tax 4800/year Maintenance 2000/year. Monthly rental income: Unit 1 $1550, unit 2 $1650, unit 3 $1850, unit 4 $2000. The Location Of The Property Is Great And There Is A High Demand For Rentals In The Area. The Property Is Easy To Finance And Has A Walk Score Of 35 And A Bike Score Of 64. There Are A Total Of 10 Bedrooms In The Property And It Is Close To The Water And Downtown Area. Motivated Seller.

EXTRAS Also Features A Newly Paved Driveway & Parking Lot & A Steel Roof. The Area Is Influenced By Georgian College, Lakehead University, Orillia Provincial Police Academy, Marina & Casino Rama. Lawn & Snow Maintenance Not Included In Expenses.

Virtual Tour: https://www.zolo.ca/orillia-real-estate/371-east-street#virtual-tour

Last updated on : Thursday 25th of April 2024 05:26:13 PM

ADDRESS

Street : 371 EAST ST

City : Orillia

Province : Ontario

Country : Canada

Postal Code : L3V4C6

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PROPERTY SUMMARY

Property ID : S8241026

Building Type : Fourplex

Property Type : Single Family

Bedrooms : 9 + 1

Bathrooms : 4

Parking : 5

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