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115 ALBERT Street S, Orillia, Ontario, L3V5L1
Bathrooms2 Bedrooms3
Property TypeMulti-family

ATTENTION INVESTORS! Turn key, fully renovated LEGAL DUPLEX in Orillia. Ideal location walking distance to downtown, the hospital, and moments away from the water! Main floor 2-bedroom unit currently rents for $1725 + hydro with an A++ tenant who would like to stay (Lease until July 1, 2021). The 1-bedroom upper unit currently rents out for an average of $2858/month as a lucrative short-term rental/air bnb. Large 51.33ft x 165.83 would be ideal for a garden suite to further increase income potential (Buyer to do their due diligence with the City of Orillia). New electrical and ESA report (2020), New plumbing (2019), Newer Shingles & Windows (2019), Fully Fenced yard (2020), Separate AC Units (2020), Newer Appliance (2019). The basement has been waterproofed with a French drain system with transferable warranty (2020). These two units contain their own parking, separate laundry, separate heat controls, separate hydro meters and complete occupancy report from the City of Orillia is available (2020). Projected Gross Annual income $54,996, Projected Annual Expenses $ 6,711. Projected Net Annual Income of $48,285. This property yields an estimated cap rate of 7.4% at list price. See Documents tab for additional information. (id:35071)


Details
GarageNo CarportNo
Attached GarageNo Open ParkingNo
WaterfrontNo Community FeaturesCommunity Centre
Frontage Length50 ft ViewNo
Building
Cooling TypeDuctless CoolingYes
HeatingForced air Heating FuelNatural gas
Levels2 Number Of Units Total2
PoolNo SewerMunicipal sewage system
Stories2

Listing Office: RE/MAX Hallmark Chay Realty Brokerage

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

Last Modified :03/06/2021 12:27:37 PM

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