Orillia L3V 3J4

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 4 BR
Bathrooms: 4
Pets: Pets No

Financials

Price:C949,900
($686,151)
(€584,954)
Annual Taxes:C4,353.87
505 Park Ave, New York, NY 10022

Description

Why renovate an underperforming asset when you can step into a proven performer? This fully legal, solid-brick fourplex delivers 6.8% CAP, immediate cashflow, and long-term stability in the heart of Orillia one of Ontario's fastest-growing and most consistently sought-after real estate markets. With ZERO vacancy history and tenants who love the quality finishes, leasing is effortless. Over $100,000 has been invested in upgrades to ensure this is a truly turn-key asset: new concrete collar (2022), freshly paved asphalt parking (2023), main-floor AC units (2023), A new roof (2019), high-efficiency furnaces (2020), new decks (both front and back), upper-level siding (2022), new storage shed (2022), attic insulation (2020), roof & eaves heating lines to prevent icicles (2021) and all systems brought up to code. A recent fire & building inspection (Jan 2025) confirm full compliance offering peace of mind for any investor. The property features four updated one-bedroom units with private entrances, five separate hydro meters, shared basement laundry, and a four-car parking lot. Tenants appreciate the thoughtful design and modern finishes, ensuring strong retention and consistent returns. Located within walking distance of downtown Orillia's restaurants, shops, library, Lakehead University, waterfront trails, and boardwalk, this location continues to drive enduring tenant demand. A rare chance to own a meticulously upgraded, fully compliant, and consistently occupied fourplex that delivers dependable income from day one.

Amenities

  • Accessory Apartment
  • Carbon Monoxide Detectors
  • Deck
  • Landscaped
  • Patio
  • Porch
  • Primary Bedroom - Main Floor
  • Separate Hydro Meter
  • Smoke Detector
  • Water Heater Owned

Why renovate an underperforming asset when you can step into a proven performer ?


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.