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371 East Street Orillia, Ontario L3V 4C6

10 Bedroom 4 Bathroom
Forced Air

$1,149,999

This Property Is A Legal Fourplex That Generates A High Income Of Approximately $82800 Annually For The Owner. The Annual Expenses Are Roughly: Hydro 580/month Gas 360/month Water 320/month Insurance 500/month Tax 4800/year Maintenance 2000/year. Monthly rental income: Unit 1 $1550, unit 2 $1650, unit 3 $1850, unit 4 $2000. The Location Of The Property Is Great And There Is A High Demand For Rentals In The Area. The Property Is Easy To Finance And Has A Walk Score Of 35 And A Bike Score Of 64. There Are A Total Of 10 Bedrooms In The Property And It Is Close To The Water And Downtown Area. Motivated Seller. **** EXTRAS **** Also Features A Newly Paved Driveway & Parking Lot & A Steel Roof. The Area Is Influenced By Georgian College, Lakehead University, Orillia Provincial Police Academy, Marina & Casino Rama. Lawn & Snow Maintenance Not Included In Expenses. (id:31697)

Property Details

MLS® Number S8396926
Property Type Single Family
Community Name Orillia
ParkingSpaceTotal 5

Building

BathroomTotal 4
BedroomsAboveGround 9
BedroomsBelowGround 1
BedroomsTotal 10
BasementFeatures Apartment In Basement
BasementType N/a
ExteriorFinish Aluminum Siding, Vinyl Siding
FoundationType Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Fourplex
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 115 Ft
SizeFrontage 44 Ft
SizeIrregular 44 X 115 Ft
SizeTotalText 44 X 115 Ft
ZoningDescription R2

https://www.realtor.ca/real-estate/26977872/371-east-street-orillia-orillia

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