66 NOTTAWASAGA STREET
Orillia, Ontario
MLS® S13638498
$859,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S13638498
- Bedrooms
- 4
- Bathrooms
- 4
- Year built
- —
1 / 21Listing description
7. 3% 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.
Property summary
- MLS® number
- S13638498
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 35 x 130 FT
- Annual property taxes
- $4,686.99
- Parking
- 4 spaces · No Garage
- Days on market
- 43 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Wall unit
- Basement
- Unfinished, Full
- Flooring
- Vinyl
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Exterior features
- Brick
What would this home cost you?
Based on the $859,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Real Broker Ontario Ltd., MIDLAND.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.