320 Laclie Street Orillia, ON L3V 4P1
Listing Courtesy of: ITSO / Re/Max Right Move Brokerage

  320 Laclie Street Orillia, ON L3V 4P1

Active (177 Days)
$1,550,000
11
BED
4,676
SQFT
See Similar Listings

Description

Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within.

MLS®:
40672773
Taxes
$16,250
Type
Multifamily
County
Simcoe County

Listed By

Kaleb Streeter, Re/Max Right Move Brokerage
Source
ITSO
Last checked May 9 2025 at 2:25 PM GMT+0000
Bathroom Details
Interior Features
  • None
  • Laundry: Coin Operated
  • Hot Water Tank Owned
Lot Information
  • Public Transit
  • School Bus Route
Property Features
  • Foundation: Block
Heating and Cooling
  • Radiant Floor
  • Radiant
  • None
Pool Information
  • None
Exterior Features
  • Roof: Membrane
Utility Information
  • Sewer: Sewer (Municipal)
Parking
  • Leased
  • Total: 13
Stories
  • 1
Living Area
  • 4,676 sqft
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 02, 2025
Price Changed
$1,550,000
-3%
-49,900
Mar 13, 2025
Price Changed
$1,599,900
-3%
-50,100
Feb 27, 2025
Price Changed
$1,650,000
-7%
-120,000
Jan 21, 2025
Price Changed
$1,770,000
-7%
-130,000
Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 5/9/25 07:25

CENTURY 21 B.J. Roth Realty Ltd. Brokerage

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CENTURY 21 B.J. Roth Realty Ltd. Brokerage

450 West Street North, Orillia, ON L3V5E8

(705) 326-2100

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