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418 PETER Street N, Orillia, Ontario, L3V5A7
Bathrooms5 Bedrooms7
Property TypeMulti-family Built in1954
Building Area1651

ATTENTION ALL INVESTORS LOOKING FOR A CASHFLOWING LEGAL 4 UNIT BUILDING. UNIT 1- LRG 3 BED 1.5 BATH APARTMENT WITH LAUNDRY @ 1900.00 PLUS HYDRO (UPPER LEFT OF HOME). UNIT 2 - SMALL 2 BED 1 BATH APARTMENT WITH LAUNDRY HOOK-UP @ 1300.00 PLUS HYDRO (UPPER RIGHT OF HOME). UNIT 3 - BIG 2 BED 1 BATH APARTMENT WITH LAUNDRY @ 1600.00 PLUS HYDRO (LOWER LEFT OF HOME). UNIT 4 - COMPLETELY RENOVATED BACHELOR APARTMENT 1 BATH WITH LAUNDRY @1000.00 INCLUSIVE. TURN KEY BUILDING ALL AT CURRENT MARKET RENTS. QUALITY TENANTS. GROSS RENTS = 5800 MONTHLY * 12 = 69'600.00 /YEAR - 2% VACANCY = 68'208.00. EXPENSES = APPROX 14'015.17. NET OPERATING INCOME = 54'192.83. 5.4% CAP RATE BASED ON ASKING PRICE. THIS IS A LEGAL NON-CONFORMING 4 PLEX. AMAZING NORTH WARD LOCATION. HUGE BACKYARD WHICH BACKS ONTO THE GOLF COURSE. CLOSE TO SCHOOLS AND HWY 11. (id:17295)


Details
Amenities NearbyGolf Nearby EquipmentNone
FeaturesGolf course/parkland, Recreational OwnershipFreehold
Parking Spaces5 Rental EquipmentNone
TransactionFor sale Zoning DescriptionR2
Building
Basement DevelopmentFinished BasementFull (Finished)
Constructed Date1954 Construction Style AttachmentAttached
CoolingNone Exterior FinishVinyl siding
Fireplace PresentYes Fireplace Total1
Fire ProtectionSmoke Detectors FoundationBlock
Bathrooms (Total)5 Heating FuelNatural gas
HeatingForced air Size Interior1651.0000
Storeys Total2 TypeFourplex
Utility WaterMunicipal water
Land
Size Frontage71 ft AmenitiesGolf Nearby
SewerMunicipal sewage system Size Depth198 ft

Listing Office: Century 21 B.J. Roth Realty Ltd. Brokerage

Data Provided by Barrie & District Association of REALTORS® Inc.

Last Modified :25/08/2021 11:10:51 AM

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