Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $589,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
This legal 4 plex will impress you the moment you arrive. Extensive renovations in 2017 to create 4 efficient apt's. All done by permit and final occupancy granted from the City building dep't. Each unit has separate heat and hydro so tenants pay their own utilities except for water. Gas heat in 3 of the 4 units. Electric in the 4th unit. Paved driveway with 4 parking spots, metal roof and deep lot. Apt #1 - 1br - $1,100 + gas & hydro. Apt #2 - 1br - $895 + gas & hydro. Apt #3 - Bachelor - 925 + gas & hydro. Apt #4 - Bachelor - 917 + hydro. Gross annual rent - $47,244. Expenses - Insurance - 2508, Water - 2020, Taxes - 5382, Snow/Grass - 1600. Total Expenses = 11,510. A nice downtown investment opportunity!!
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Data-driven valuation for 103 Albert Street S, Orillia, ON L3V 5L1
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