$700,000

215 Barrie Road

Orillia ON, L3V 2P6

Description

Turn Key with a big upside! The zoning permits additional units and lot size is big enough to add them. Zoned r2-i intensification, which permits more units or mix use, ask listing agent for list of permitted uses. Legal triplex just created, renovated from top to bottom by professionals with permits. Superior craftsmanship & Upgraded finishes. Gross rental income of $62,500.00 noi of $48,807.00 7 % cap rate . separate hydro, heating and hot water tanks for eac unit .No need to budget for repairs or capital expenses for a long time. Almost everything has been upgraded including plumbing & wiring. 6 brand new stainless steel appliances. Terrific rental location, near all amenities, arterial roads, on bus route, short drive to post secondary schools and OPP headquarters. Close to downtown, the beach, parks, hospital, restaurants, recreation trails and new recreation center. Seller will reply to offer on December 1st

Details

MLS#40031151
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site15

Features

SQ Feet2,251
Units3
Building(s)1
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Area Information
ProvinceON
CountySimcoe County
CityOrillia
Postal CodeL3V 2P6
AreaOrillia
Listing VS Median (in L3V 2P6)
Price:
$700,000
low | high
Med:
$700,000
50% of Average
SqFt:
2,251
low | high
Med:
2,251
50% of Average
$ / SqFt:
$311
low | high
Med:
$311
50% of Average
On Site:
15
low | high
Med:
15
100% of Average
Listing Updated: November 27, 2020 8:00:35 PM PST
Theresa Coulson LogoMLS Number: 40031151
Listing Provided By:
Theresa Coulson  of  Century 21 B.J. Roth Realty Ltd. Brokerage
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