Address
115 ALBERT Street S Orillia, ON
Price
$ 699,000
Property Attributes
  • ID#40118175
  • TypeMulti-Family
  • CityOrillia
  • AreaBarrie and District
  • Postal CodeL3V 5L1
  • Style
  • Price$ 699,000
  • Bedrooms3
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Ross Harris with RE/MAX Hallmark Chay Realty Brokerage
Data Source:
RLP - CREA EN
Property Description

ATTENTION INVESTORS! Turn key, fully renovated LEGAL DUPLEX in Orillia. Ideal location walking distance to downtown, the hospital, and moments away from the water! Main floor 2-bedroom unit currently rents for $1725 + hydro with an A++ tenant who would like to stay (Lease until July 1, 2021). The 1-bedroom upper unit currently rents out for an average of $2858/month as a lucrative short-term rental/air bnb. Large 51.33ft x 165.83 would be ideal for a garden suite to further increase income potential (Buyer to do their due diligence with the City of Orillia). New electrical and ESA report (2020), New plumbing (2019), Newer Shingles & Windows (2019), Fully Fenced yard (2020), Separate AC Units (2020), Newer Appliance (2019). The basement has been waterproofed with a French drain system with transferable warranty (2020). These two units contain their own parking, separate laundry, separate heat controls, separate hydro meters and complete occupancy report from the City of Orillia is available (2020). Projected Gross Annual income $54,996, Projected Annual Expenses $ 6,711. Projected Net Annual Income of $48,285. This property yields an estimated cap rate of 7.4% at list price. See Documents tab for additional information.

General Features

Beds 3

Interior Features

Bedrooms 3

Exterior Features

Lot Frontage 50.00
Jumpid 15119810
Mls 40118175

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3V 5L1

Price
AVG $700K
$700K
Visits
AVG 17
16
Walkscore
AVG 59
59
Data Provided by Walkscore ® not using MLS data