Investment opportunity in the heart of Orillia! This 9-plex was a motel conversion in 2016 and subsequently has all new electrical, plumbing, insulation, drywall, doors, trim, roof and fire/smoke as of 2016/2017. All inspections were passed by the City of Orillia. This property also features a public coin laundry that has further potential for more income. You can fit 4 washers and dryers without any renovations and could ask $3+/cycle. Currently only 2 washers and dryers set at $2/cycle. Current coin laundry monthly income is $400/mo. The fenced area behind the building, accessible from North St, is part of the lot and currently used as common green space. In floor radiant heat (Navien system) makes this property extremely efficient and inexpensive to maintain. One of the top features here is how affordable the monthly utilities are. Parking for each unit is included as well as 4 visitor parking spots in addition to. Come see this one in person. (id:44523)
MLS® Number | 40358286 |
Property Type | Multi-family |
Amenities Near By | Public Transit |
Communication Type | High Speed Internet |
Community Features | School Bus |
Features | Laundry- Coin Operated |
Parking Space Total | 13 |
Bedrooms Total | 11 |
Basement Type | None |
Construction Material | Wood Frame |
Cooling Type | Window Air Conditioner |
Exterior Finish | Stucco, Wood |
Fire Protection | Security System |
Heating Type | In Floor Heating, Radiant Heat, Hot Water Radiator Heat |
Stories Total | 1 |
Size Interior | 4676 |
Utility Water | Municipal Water |
Access Type | Road Access |
Acreage | No |
Land Amenities | Public Transit |
Sewer | Municipal Sewage System |
Size Frontage | 159 Ft |
Size Total Text | 1/2 - 1.99 Acres |
Zoning Description | C2 |
Cable | Available |
Electricity | Available |
Natural Gas | Available |
https://www.realtor.ca/real-estate/25135811/320-laclie-street-orillia