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$1,286,500
Available - For Sale
Listing ID: S12030043
Imagine owning a piece of history in the scenic vacation hotspot of Orillia, where every day feels like a getaway. This remarkable full brick building, built to last the ages, houses four beautifully updated one-bedroom units, each a testament to timeless craftsmanship and classic style. Step inside, and you'll find a world of upscale contemporary living. With every detail meticulously updated within the last four years, there's nothing left to do but enjoy. From the plumbing to the electrical, and everything in between, this property is completely turnkey with no deferred maintenance. Attract top-tier tenants with this impeccable building, a smart investment opportunity with proven income, system, and business strategy. The property is fully legal, adhering to all township building codes and fire safety regulations, with a recent inspection passing in January 2025. The flexible zoning opens up a world of possibilities keep it as a mix of short and long-term rentals or convert all four units into a unique boutique hotel experience, capitalizing on Orillia's thriving tourism. Nestled just a short walk from the vibrant downtown strip, you'll find yourself surrounded by incredible restaurants, boutique shops, and cozy cafes. The picturesque boardwalk waterfront invites you for peaceful strolls, while the nearby public library and Lake head University add to the community's vibrant culture. Seize this incredible opportunity to live the entrepreneurial life you've always dreamed of. Whether you're looking to diversify your income or start a new business venture, this property offers the perfect blend of convenience, and financial growth. Your stronger financial future starts here, offering a wealth of possibilities.*Completely Reno'd 2020 * New Roof 2019 * Furnaces 2020 * Concrete Collar 2022 * New Decks & Shed 2023 * 4 Spot Asphalt Parking 2022* Updated Upper Siding 2023 * Fantastic Location * 5 Separate Hydro Meters * Bsmnt Laundry * Great Income With Room For More*
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $76,250 $152,500 $228,750 $305,000
First Mortgage $1,448,750 $1,372,500 $1,296,250 $1,220,000
CMHC/GE $39,840.63 $27,450 $22,684.38 $0
Total Financing $1,488,590.63 $1,399,950 $1,318,934.38 $1,220,000
Monthly P&I $6,375.52 $5,995.88 $5,648.89 $5,225.17
Expenses $0 $0 $0 $0
Total Payment $6,375.52 $5,995.88 $5,648.89 $5,225.17
Income Required $239,081.93 $224,845.4 $211,833.51 $195,943.7

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK CIANCIO GROUP REALTY

66 Nottawasaga Stre , Orillia, L3V 3J4, Simcoe

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Fourplex
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style: 2-Storey
Lot Size: x 130.00(Feet)
Approximate Age:
Tax: $4,353.87
Maintenance Fee: $0
Beds: 4
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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