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Orillia,ON L3V 5B3
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $281
Subdivision Orillia
MLS Listing ID S12070360
Annual Tax Amount $14,122
Tax Year 2024
Property Sub-Type Investment
Property Description
12 Rental Apartments in the heart of Downtown Orillia, located within a short walk to the lake, Starbucks, Metro grocery store, Home Hardware, and several shops, restaurants, and more! 5% cap rate! Only $150,000 per suite offering a very attractive and affordable investment opportunity, with low operational costs and A+ rental market!Orillia benefits from a stable economic foundation, with recent investments in downtown waterfront development, a new recreation facility, and community improvement programs. Recognized as one of Ontario's top 10 cities for real estate investment, the city has seen housing starts grow by 110% and consistent price increases since 2015. This momentum, paired with a diverse tenant base including students from nearby colleges and professionals, makes multi-family investments in Orillia a secure and promising opportunity for long-term growth. Full income and expense details available.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Zoning MULTI RESIDENTIAL
Interior
Cooling Partial
Exterior
Utilities Available Yes