Going-in cap rate of 6.9% cap rate + approx 35%+ lift on overall rent roll. An add-value investors ideal next project. 2 buildings, 12-units (7x 1b &5x bach). Built with durable Concrete/block construction. Laundry on site. 10 parking spots. Clean ESA Phase 1 (2025). Located downtown Orillia and 3-minute drive from Hwy 11 and Costco. (id:61594)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | S12328442 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Equipment Type | Water Heater, Furnace |
| Rental Equipment Type | Water Heater, Furnace |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 6,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 64 Ft |
| Size Frontage | 95 Ft |
| Size Irregular | 95 X 64 Ft |
| Size Total Text | 95 X 64 Ft |
| Zoning Description | Multi Residential |
https://www.realtor.ca/real-estate/28698607/81-85-peter-street-orillia-orillia
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