Looking for a turn key investment? Only 20 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring four 2-bedrooms units and 1 bachelor unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($92,400), resulting in an excellent cap rate. All units have all been beautifully renovated with commercial grade flooring (2023), new kitchens (2023) and bathrooms (2023). An easy building to maintain with a steel roof, vinyl siding, new breaker panels and separate hydro meters for all tenants, and low operating costs ($17,653). Baseboard heating in bedrooms & heat/air conditioner unit in the living rooms. Located right across the street from the lake, and conveniently located just minutes from Hwy 12 and downtown Orillia, this is an opportunity to buy and benefit from the revitalization of Orillia. Financials Attached. (id:44523)
***Fantastic Investment Opportunity*** Incredible 12 Unit (per MPAC) Multiplex Only Steps To Balm Beach. Well - Maintained Solid BrickBuilding w/ Plenty Of Recent Updates. Generous 0.36ac Lot. Stable & Reliable Tenant Base Contains (4+2) 1 Bedroom Units (2+3) BachelorUnits (1) Vacant Unit Currently Under Remodelling. 12 3pc. Washrooms 11 Kitchens + (Plus One (1) Under Renovation) & Storage Rm. HeatPump (2020) Boiler (2022) Roof Shingles (2020) Panel (2020) & More. Located In The Highly Sought After Area Of Balm Beach Minutes ToTown. Plenty Of Pictures Available. Dont Miss This Unique Opportunity! (id:44523)
DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE! Welcome to 30 Queen Street West! This incredible property in the heart of Elmvale offers a unique investment opportunity, combining a high-end laundromat with four fully renovated apartments. The laundromat and rental income from the apartments offers the potential for a stable and secure financial future. Located in the bustling downtown area of Elmvale, the property benefits from high visibility and foot traffic, attracting both locals and tourists. Elmvale is set to become the next crown jewel of Springwater Township, with major developments and investments underway, this prime location makes it an even more attractive investment. The laundromat is well-established with a loyal customer base and boasts a stellar 5-star rating on Google. It features state-of-the-art washers and dryers, including specialized horse blanket machines, catering to a wide range of clients. All equipment is fully owned, meaning no ongoing lease or payment obligations. The property showcases three fully renovated 2-bedroom, 1-bathroom apartments, each updated from top to bottom, along with a newly refreshed main-floor 2-bedroom, 2-bathroom unit that boasts a stunning, modern kitchen. Additionally, the building's mechanical systems, including plumbing, electrical, and heating, have been fully updated. Tenant parking is secured by a gated entrance with convenient fob access. Don't miss out on this exceptional opportunity to own a turnkey investment property in a rapidly developing area! (id:44523)
Legal Conforming Triplex – 3 Units - Newly Renovated and Ready for You! Welcome to this beautifully renovated 3-unit building, where modern living meets comfort and convenience. Perfect for investors or those looking for multi-family living, this property boasts a range of contemporary upgrades that enhance both aesthetic appeal and functionality. Vacant – Set your own rents! Main unit – 3 Bedrooms, 2 Baths, + Den, In suite Laundry, Renovated Kitchen and Baths, new doors and several windows ,separate hydro meter, gas heat, own meter Unit 1 – 1 Bedroom, 1 Bath, In suite Laundry, Completely renovated , separate hydro, new windows and door. Heat Pump with backup baseboard heat Unit 2 – Bachelor, 1 Bath, In suite Laundry, separate hydro meter, newly created, new windows and doors Heat Pump with backup baseboard heat Freshly Renovated Interiors: Each unit has been meticulously updated with modern finishes, ensuring a fresh and inviting atmosphere for residents. Modern Flooring and Fresh Paint: The property shines with new flooring throughout and fresh paint on every wall, creating a cohesive and modern look that is move-in ready. New sod laid front and back, large parking area This prime location is not only a great investment opportunity but also offers easy access to local amenities, parks, schools, and public transportation, making it ideal for families and professionals alike. With three distinct units, this building offers diverse rental income opportunities. Each unit is designed for comfort and efficiency, appealing to a wide range of tenants. Conclusion: Don’t miss the chance to own this exceptional three-unit property that combines style, comfort, and functionality in a desirable location. Schedule a viewing today and envision the possibilities this renovated building has to offer! One Director of Selling Corp is a Registered Real Estate Salesperson (id:44523)
Truly Once-In-A-Lifetime Investment Opportunity Steps To The Lake & Georgian College. Discover A Rare And Exceptional Opportunity To Own A Detached Fourplex Unlike Anything Else On The Market A Stunning Multi-Unit Property On A Huge Lot With No Neighbor To The Right, Backing And Siding Onto A Forested Ravine With A Scenic Walking Trail, And A Charming Bridge Over A Stream. The Juxtaposition Of A Serene Forested Oasis In The Heart Of The City, Steps To The Lake, Walkscore Of 100 And 5 Mins To The 400! Calling All Commuters! Only 45 Minutes To The GTA!!! Containing Four One-Bedroom Units!!! Plus There's An Opportunity For Easy Expansion As There's A Huge Unfinished Basement With 8-Foot Ceilings, Huge Windows And Already Partially Framed And Insulated!!! Yes, Its A Slow Market, But This Opportunity Will Not Last!! Book Your Showing Now And Make An Offer! You Will Not Regret It! (id:44523)
12 bedroom rooming house with countless improvements. Located steps to new condos which may make this site appealing for future development considerations with appropriate land assembly. Fully tenanted with strong income and expese statement available on request. (id:44523)
Fantastic Triplex with Unlimited Potential in Downtown Midland! Discover the possibilities with this remarkable triplex nestled in the heart of downtown Midland, Ontario. Featuring 3 Legal units, this property offers an exceptional opportunity for investors and homeowners alike. With the large backyard space, ample parking, and lots of opportunities for tenant turnover, the potential for rental income or personal use is truly outstanding. Located in a vibrant neighbourhood known for its walkability, residents will enjoy the convenience of urban living with a touch of tranquility. Whether you're looking to expand your investment portfolio or seeking a place to call home, this triplex promises an unparalleled lifestyle. Don't miss out on this chance to own a piece of downtown Midland with endless possibilities. (id:44523)
Turnkey investment opportunity! Very clean and well maintained legal duplex in quiet southwest end neighborhood. Current upstairs long-term tenant paying 2500.00 per month(leaving at the end of May). Basement is currently rented at 1600.00 per month(1 year lease). Basement apartment has new floors, fresh paint, new vanity and glass shower doors, new stove, hood fan, newer fridge. Windows and doors have been replaced. Newer unistone walkway. Upstairs 3 bedroom is very clean and bright with generous sized living spaces, eat-in kitchen, living dining room combination, a large covered front balcony from the living room and another off the bedroom. New owner has the opportunity to live up or down and easily rent out the other space. Very close to schools, public transit, shopping, and easy access to highway. Don't miss out on this amazing property! Heating:$125.10, Water:$121.10, Electric Expense: $96.60, Hot Water heater rental:$30.50, Property taxes:$4168.00 (id:44523)
Own a piece of Barrie's vibrant downtown core with this exceptional investment opportunity! Located in the heart of downtown Barrie, 31 Bayfield Street presents a rare chance to acquire a well-established rooming house with a thriving Irish pub on the ground floor. This property offers a unique blend of stable income, significant cash flow, and long-term appreciation potential.This rooming house boasts 34 units and generates a robust net cash flow of $248,409.57 after expenses, providing immediate returns on your investment. The established Irish pub further enhances the property's income potential. This property provides essential housing in Barrie, addressing a critical need within the community. Investing here means contributing to the local economy and making a positive social impact. As rents continue to rise in Barrie's desirable downtown core, this property is poised for substantial appreciation in value. This is a legacy investment, capable of generating steady income for generations to come. Recognizing the unique financing considerations associated with rooming houses, the owner is offering vendor take-back financing of up to $1,000,000 in second position. This exceptional opportunity significantly eases the acquisition process and demonstrates the seller's confidence in the property's performance. Investment Highlights: Strong Cash Flow: The impressive net cash flow provides immediate returns and a solid foundation for future growth.Strategic Location: Downtown Barrie is a hub of activity, ensuring consistent demand for both residential and commercial spaces. Community Impact: This property plays a vital role in providing housing solutions within the community.This is not just an investment; it's an opportunity to secure a stable income stream, contribute to the community, and build long-term wealth. Don't miss out on this rare chance to own a prime piece of downtown Barrie. (id:44523)
Prime Investment Triplex! Why Invest in Orillia? Orillia is not just a picturesque city; it's a hub of activity and development. With its mix of urban convenience and natural beauty, it attracts a diverse range of tenants. The ongoing growth in the area presents an excellent opportunity for property appreciation and rental demand. Don't miss out on this chance to secure a valuable triplex in a thriving location Unlock a fantastic investment opportunity with this well-maintained triplex, offering a steady monthly income! Property Highlights: **Fully Occupied**: Benefit from great tenants in place, ensuring immediate cash flow. **Prime Location**: Nestled on a quiet street just minutes from downtown Orillia, you'll have easy access to the waterfront, beautiful parks, and scenic trails. **Growing Community**: Orillia is booming! Home to the OPP headquarters, Lakehead University, Hydro One Tech Hub, and Costco, this vibrant city is on the rise, making it a smart choice for your investment portfolio. Contact us today for more details and to schedule a viewing. Invest in your future with this incredible property!** (id:44523)
Charming Legal Triplex Located Within The Heart Of The City Of Orillia! Situated Within A Desirable Northward Location On A Large Corner Lot Within Walking Distance To Orillia's Beautiful Waterfront, Beaches & Parks! This Building Has Been Meticulously Maintained, Updated & Ready For Your Investment Portfolio. Very Well Maintained Units & Property Featuring; Separate Hydro Meters, Completely Fire Coded & Is Inspected Yearly By A Third Party Hired By The Landlord (Target), Forced Air Gas Furnace, Coined Washing Machine And A Central Vac Throughout. Beautiful Wrap Around Porch, Main Floor Apartment 1 Has A Private Covered Porch, Parking For 5 Vehicles & 2 Storage Sheds. Separate Exterior Entrance To The Basement With Ample Storage Space, Utility Area With Ceiling Sprinklers & Laundry. 2 - 1 Bedroom Units & 1 - 2 Bedroom Unit. Each Unit Has Bright White Kitchens & 4pc Bathrooms, Tiled Entrees & Kitchens With A Hardwood Floor Living Space And Carpeted Bedrooms. Apartment #1 - 1 Bedroom, Entire Main Floor, Apprx. 738 Sqft. Apartment #2 - 2 Bedroom, 2 Level (bedrooms on upper floor), Apprx. 720 Sqft. Apartment #3 - 1 Bedroom, 2 Level (bedroom on upper floor), Apprx. 570 Sqft. (id:44523)
Enter an exceptional investment opportunity located in the heart of Innisfil, one of Ontario's fastest-growing communities. This property offers a rare chance to establish a foothold in a burgeoning real estate market. Recently built, it features 7 residential units and 1 commercial unit, currently generating substantial rental income, making it a robust investment. Additionally, with preliminary municipal approval for an additional 12 units, the potential expands to a total of 20 units, poised for lucrative rental returns or development. Strategically positioned amidst Innisfil's expanding landscape, this property serves as a gateway for investors looking to capitalize on the town's thriving economy and growing population. Its prime location, just minutes from Barrie and less than an hour from Toronto, appeals to commuters and families alike, driving demand for high-quality housing options. The opportunity to add 12 more units opens doors to diverse possibilities, whether expanding the existing rental portfolio or pursuing new development ventures. Residents enjoy easy access to recreational activities such as boating, fishing, hiking, and golf, blending urban convenience with natural beauty. Backed by the municipality's proactive support for further development and infrastructure improvements including transportation upgrades and expanded commercial facilities investing in Innisfil promises not only immediate returns but also long-term appreciation and prosperity. Whether you're a seasoned investor seeking portfolio diversification or an astute entrepreneur with an eye for opportunity, this property offers an ideal platform to realize your vision and maximize returns in Innisfil's dynamic real estate market. Buyer encouraged to pursue CMHC lending opportunity through MLI Select product. *Complete iGuide interior virtual tour and building plans available by request.* (id:44523)
CALLING ALL INVESTORS & SAVVY BUYERS – TRIPLEX IN PRIME BARRIE LOCATION WITH EXCEPTIONAL INCOME POTENTIAL! Discover this incredible legal non-conforming triplex, ideally situated on a generous 66 x 165 ft lot in the heart of Barrie. This multi-unit gem is zoned RM2 (SP-189), allowing for three or more dwelling units and even potential office use under specific conditions. With ample parking space accommodating ten cars in the driveway and additional room for 10+ vehicles, this property is ready to meet the demands of tenants and owners alike. Inside, you'll find two well-appointed 2-bedroom units and a bachelor unit, each equipped with a bathroom. Unit 1 boasts the convenience of in-suite laundry, while Units 2 and 3 offer shared laundry facilities in a common area. The upgraded main level and newer 200-amp electrical service, paired with updated shingles, provide added peace of mind and functional upgrades. Two of the three units are already tenanted, ensuring immediate income potential and a seamless transition for new owners. Ideally located close to downtown Barrie, this property offers easy access to restaurants, shops, parks, and the beautiful Lake Simcoe waterfront, with Highway 400 and public transit just minutes away. Don't miss your chance to own this centrally located triplex, perfectly designed for those seeking an established, multi-unit property with long-term potential! (id:44523)
This fully upgraded commercial property is located in the heart of downtown Barrie, offering exceptional rental potential. It features a recently paved driveway and backyard, with ample parking space for over 10 vehicles. Zoned for commercial use, the property supports a variety of possibilities, including real estate offices, legal practices, and medical offices, making it a versatile investment opportunity. (id:44523)
INVESTORS!!! Looking to add to your real estate portfolio? Looking to enter into the real estate and start your portfolio? Take a look today! Great two storey home has been renovated to a four unit building, with all units currently tenanted. Coin laundry in basement for extra income, room for storage in basement (if required). UNIT 1 - 3 bedrooms, 1 bath. UNIT 2 - 3 bedrooms, 1 bath. UNIT 3 - 2 bedrooms, 1 bath. UNIT 4 - 1 Bedroom / Bachelor. Tenants would like to stay. Onsite parking. Close to All Amenities & Family Fun At Barrie's Centennial Park & Lake Simcoe Waterfront. Easy access to Shopping, Services, Library & Rec Centres and key commuter routes - public transit, GO Trains, highways north and south. Many trails and parks to enjoy all year around. Property financial report available upon request. **EXTRAS** UNIT 1 and UNIT 2 include Fridge, Stove - tenants pay hydro/heat. UNIT 3 includes Fridge, Stove, dishwasher (as is) - tenant pays hydro/heat. UNIT 4 includes Fridge, Stove - rent is inclusive. 2 Furnaces. 1 HWT (R). 4 x hydro panels. (id:44523)
Discover this exceptional purpose-built duplex in west Barrie, ideally located close to Highway 400, public transit, parks, and schools. This property features two spacious units: a four-bedroom, two-bathroom upper apartment and a three-bedroom, one-bathroom main floor apartment. Each unit benefits from exclusive use of garage space, with the garages thoughtfully divided for privacy and security. The upper apartment is large and spacious, complete with a family room and living room, very large bedrooms, and two full bathrooms. The kitchen boasts an island with space for a dishwasher and bar stools, and it opens to the family room, which walks out to a covered outdoor balcony—perfect for relaxing with some chairs, music, and a BBQ. This unit also has primary access to the expansive, partially cleared and landscaped backyard, which is fenced on either side. The upper unit is currently vacant, offering the opportunity to move in yourself or rent it out for around $2,600 per month. The main floor apartment features tall ceilings and large above-grade windows, creating a bright and airy living space. The living room is open to the kitchen, which includes a peninsula countertop, fridge, stove, and dishwasher. The bedrooms are of good size with one boasting a large walk-in closet. This unit is currently rented to great tenants who would like to remain. Both units have separate gas and electric meters, their own furnaces, and hot water heaters, with the upstairs unit also having air conditioning. Tenants pay their own electric and gas, while the landlord covers water. There is ample parking for 6+ vehicles in the long driveway. This is a fantastic investment property, offering the flexibility to live in one unit and rent out the other, or rent both units for a long-term investment. Schedule a showing today. (id:44523)
Discover this exceptional purpose-built duplex in west Barrie, ideally located close to Highway 400, public transit, parks, and schools. This property features two spacious units: a four-bedroom, two-bathroom upper apartment and a three-bedroom, one-bathroom main floor apartment. Each unit benefits from exclusive use of garage space, with the garages thoughtfully divided for privacy and security. The upper apartment is large and spacious, complete with a family room and living room, very large bedrooms, and two full bathrooms. The kitchen boasts an island with space for a dishwasher and bar stools, and it opens to the family room, which walks out to a covered outdoor balcony, perfect for relaxing with some chairs, music, and a BBQ. This unit also has primary access to the expansive, partially cleared and landscaped backyard, which is fenced on either side. The upper unit is currently vacant, offering the opportunity to move in yourself or rent it out for around $2,600 per month. The main floor apartment features tall ceilings and large above-grade windows, creating a bright and airy living space. The living room is open to the kitchen, which includes a peninsula countertop, fridge, stove, and dishwasher. The bedrooms are of good size with one boasting a large walk-in closet. This unit is currently rented to great tenants who would like to remain. Both units have separate gas and electric meters, their own furnaces, and hot water heaters, with the upstairs unit also having air conditioning. Tenants pay their own electric and gas, while the landlord covers water. There is ample parking for 6+ vehicles in the long driveway. This is a fantastic investment property, offering the flexibility to live in one unit and rent out the other, or rent both units for a long-term investment. Schedule a showing today. (id:44523)
Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within. Seller will entertain a VTB (id:44523)
ATTENTION INVESTORS - FOUR HOMES ON ONE PROPERTY!!! Beautiful & well kept Victorian home converted to two units plus three 1350 sq ft townhomes, two w/walkout basement apartments. Total of SEVEN rental units, fully occupied with $150,000+ annual rental income. All units come with separate laundry. Massive 109' x 165' lot with RM2 zoning, potential for development/expansion. Many recent upgrades & renos in 2024. RARE one of a kind opportunity!!! Financial details available upon request. VTB available. (id:44523)
Are you looking for a way to beat the market? Interest rates are continually dropping. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of real estate with not 1,not 2, but 6 sources of income! This property features 6 residential apartment units, a generously sized lot and healthy income with room for improvement. Net income is $5,531.93 per month. Mortgage estimated at $4,253.80. That is $1,278.13 positive cash flow every month. These calculations are based on a 3.99% interest rate and a 20% down payment. As rates drop the cash flow will increase. The units are currently renting at an average of $1,130 per month, well below market value. With the opportunity to renovate as tenants vacate these units are estimated to lease out at an average of $1,650 per month. That would increase cash flow by an astounding $3,120.00 per month! In total the net cash flow would be $4,398.13. Once this process is completed, there is the opportunity to refinance based on the increased cash flow. This would allow you to potentially pull equity from this property to acquire more real estate and continue growing. Investing in real property is one of the best strategies to protect your wealth and hedge against inflation. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day. This information is included for example only and is not meant to be taken as financial, legal, or tax advice.We invite you to seek the advice of your mortgage broker, accountant, lawyer, and contractor to create a plan that works best for you. Minimum of 48 hours notice before all showings. (id:44523)
43 bedroom rooming house with 2 huge kitchens on a large property with ample parking. 65% occupied so there is lots of room for you to add your additional choice of tenants. Building is in good condition and could also be ideal for student housing with its layout and proximity to the college. Income and expense statements available on request. (id:44523)
Don't Miss Out on This Fantastic Investment Opportunity! This centrally located, Duplex in Midland offers versatility and potential. Featuring a spacious main residence with three bedrooms and an additional legal two-bedroom apartment, it's perfect for generating rental income or multi-generational living. Situated near schools, shopping centers, and downtown, convenience is at your doorstep. The main residence boasts updated wiring, a modern kitchen, and generous living and dining spaces. Currently, both units are on a month-to-month lease, ready for owner occupancy. Whether you're an investor or looking for a place to call home, this property is a must-see! Schedule a viewing today and seize this opportunity before it’s gone! (id:44523)
This legally registered residential duplex presents a prime opportunity for any astute investor. Nestled in a tranquil part of the city, it sits on a premium lot that directly backs onto MaCmorrison Park, offering serene views and ample recreational space. The property features two generously sized 2-bedroom suites, perfect for rental income or multi-generational living. The location is particularly advantageous, with nearby schools, shopping, RVH, Georgian College, and Lake Simcoe adding convenience to everyday living. The house is meticulously maintained and showcases a well-presented interior and exterior. Each suite is bathed in natural light, creating spacious and inviting living environments with laundry in each unit, updated shingles (approx 2020), and a gas furnace (2021). The garage space was altered slightly to accommodate the main floor bathroom, so Buyers should measure and do their due diligence regarding the useable space. Combining a peaceful setting with proximity to essential amenities, this property is a standout choice for investors and homeowners seeking a versatile and appealing residence. (id:44523)
Discover your next investment gem in this beautifully furnished legal duplex, just a stone's throw from the serene greens of Sunnidale Park. The stunning skylight fills the space with natural light, creating a warm and inviting atmosphere.Perfect for investors, the upper unit is already rented at the top end of the market rent. Spacious, light-filled living areas and cozy bedrooms make this duplex appealing to tenants, ensuring a solid return on investment. Enjoy the comfort of gas fireplaces that keep the space warm in winter, enhancing the cozy ambience. Plus, you'll have your own private outdoor space ideal for relaxation or entertaining.Location couldn't be better! With easy access to walking trails, playgrounds, and local amenities, this duplex offers the perfect blend of urban living and nature. Don't miss out on this incredible opportunity! (id:44523)
