66 Nottawasaga Street, Orillia, Ontario

About 66 Nottawasaga Street

7.53% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full. (id:6289)

More Info on this Orillia Fourplex MLS® listing

66 Nottawasaga Street is a fourplex listing for sale in Orillia. The MLS® number is S13638498. It features 4 bedrooms, 4 bathrooms. It's currently listed for $829,900. For more details on MLS® S13638498, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This fourplex listing in Orillia is available now!

Selling your Orillia Fourplex property?

Have a similar home to 66 Nottawasaga Street? If you’re thinking about selling your Orillia fourplex property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Orillia property.

Listing Map