Bedrooms: 2x3 2x1
This income property is a must see. A four-plex with positive cash flow running at a 6 Cap Rate. It is located in a mature cozy neighbourhood with great views of the lake from the top floor.
It has been consistently tenanted because of its updated units and its proximity to local amenities. Updated electrical, plumbing, French (weeping) tile and loft in 2014/15. Don’t miss out on this great investment property.
Area: 12281.61 sq. ft.
Perimeter: 449.48 ft.
Measurements: 116.45ft. x 92.78ft. x 109.98ft. x 132.61ft.
Frontage: 116.58 ft. | Depth: 110 ft.
The site is zoned HR Heritage Residential which allows up to four units confirmed by the City of Orillia Municipal Office. It is currently registered as a triplex. The site is irregular in shape with frontages on Brant and Cameron streets.
The site has full municipal services improved with a brick, aluminum and vinyl sided 2.5 storey dwelling. The site has a gravel drive with parking for four vehicles with a covered front porch and rear wooden deck. Wooden stairs lead to the upper unit. The dwelling is set on a hill overlooking the City with the property sloping severely downward on the east side to Cameron Street and the south side to the adjoining property.
Year Built (estimated): 1900 - 1920 Detached, 2.5 storey, Wood frame
Main: 1,150 sq. ft.
Second: 925 sq. ft.
Third: 800 sq. ft.
Total: 2,875 sq. ft.
Driveway parking for four cars.
|Main||Unavailable due to tenant||Total: 1,150 sq. ft.|
|Second||Living Room||10.5 x 15.4|
|Kitchen||11 x 9.5|
|Bedroom 1||10 x 9.7|
|Bedroom 2||9.3 x 9.25|
|Bedroom 3||11.7 x 10.5|
|Bedroom 4||11.4 x 9.9|
|Third||Living Room||16.4 x 9.9|
|Kitchen||6 x 8.6 + 11.9 x 5.1|
|Bedroom||10.8 x 7.8|
|Basement||Unavailable due to tenant|
*Room sizes approximate
This income property is a must see. A four-plex with positive cash flow running at a 6+ Cap Rate. It is located in a mature cozy neighbourhood with great views of the lake from the top floor. It has been consistently tenanted because of its updated units and its proximity to local amenities. Call LA for information on current tenancy. Updated electrical, plumbing, French (weeping) tile and loft in 2014/15. Don't miss out on this great investment property.
The property is located on the south side of Brant Street, a Municipal owned road within close proximity to the central district of the City of Orillia. The mature neighborhood is comprised of a variety of residential dwellings as well as income properties.
This central district offers favorable proximity to all major amenities, in particular, walking distance to schools, parks, shopping and Lake Simcoe. Properties are generally utilized as single family dwellings, however, the mixed area includes commercial, preserved heritage and multi-residential zonings.
It is close to the best elementary school in the City and within minutes of downtown.
Contact us for more information about this property.
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