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Key Details
Sold Price $589,900
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Orillia
MLS Listing ID S12350207
Sold Date 10/25/25
Style 2-Storey
Bedrooms 2
Annual Tax Amount $5,502
Tax Year 2025
Property Sub-Type Fourplex
Lot Depth 165.0
Lot Front 48.0
Appx SqFt 1500-2000
Property Description
This legal 4 plex will impress you the moment you arrive. Extensive renovations in 2017 to create 4 efficient apt's. All done by permit and final occupancy granted from the City building dep't. Each unit has separate heat and hydro so tenants pay their own utilities except for water. Gas heat in 3 of the 4 units. Electric in the 4th unit. Paved driveway with 4 parking spots, metal roof and deep lot. Apt #1 - 1br - $1,100 + gas & hydro. Apt #2 - 1br - $895 + gas & hydro. Apt #3 - Bachelor - 925 + gas & hydro. Apt #4 - Bachelor - 917 + hydro. Gross annual rent - $47,244. Expenses - Insurance - 2508, Water - 2020, Taxes - 5382, Snow/Grass - 1600. Total Expenses = 11,510. A nice downtown investment opportunity!!
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Basement Half, Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter, Separate Heating Controls, Water Heater Owned
Cooling None
Exterior
Exterior Feature Patio, Year Round Living
Parking Features Private
Pool None
Roof Type Metal
Lot Frontage 48.0
Lot Depth 165.0
Total Parking Spaces 4
Building
Foundation Stone, Block
Others
Senior Community No
ParcelsYN No
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