705.746.5844

diannejacklin@royallepage.ca

49 James St. Parry Sound, ON P2A 1T6


LOADING

273 Moffat Street Orillia, Ontario L3V 4E9

5 Bedroom 3 Bathroom 1544
Fireplace None Forced Air Lawn Sprinkler

$799,900

INVESTORS! Legal Triplex. 5.6% Cap Rate. Upside on rents when tenants turnover. Opportunity for additional income with the Workshop out back. Well cared for and shows pride of ownership. Central location, steps to the lake and the trail system, close to the highway and downtown. Large in-town lot 50 ft. x 200 ft. Parking for 4 cars in the triple wide driveway provides plenty of parking for the tenants. Each unit has its own private deck. Main floor 2 bedroom with laundry rents for $1,700 inc., lower spacious and bright 1 bedroom unit with a gas fireplace and laundry rents for $1,400, and upper 2 bedroom cozier unit rents for $1,300 inc. Gross annual rents $52,800. Annual taxes $3,619 (2020). Monthly expenses approximately: Enbridge Gas $94 & Orillia Power $106. A creative investor will find a way to generate additional income here and maximize potential. A solid addition to your rental portfolio dont miss out on this hard to find triplex! (id:18401)

Property Details

MLS® Number 40075558
Property Type Multi-family
Amenities Near By Place Of Worship, Shopping
Equipment Type Water Heater
Features Double Width Or More Driveway
Parking Space Total 4
Rental Equipment Type Water Heater

Building

Bathroom Total 3
Bedrooms Total 5
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1945
Cooling Type None
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Fireplace Present Yes
Fireplace Total 1
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1544
Type Triplex
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Place Of Worship, Shopping
Landscape Features Lawn Sprinkler
Sewer Municipal Sewage System
Size Depth 200 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3

https://www.realtor.ca/real-estate/22894689/273-moffat-street-orillia

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Sarah J. Stevens
Salesperson

(705) 955-2345
(705) 325-7556
sarahjstevens.com

Century 21 B.j. Roth Realty Ltd., Brokerage, Orillia - M298
450 West St. N
Orillia, Ontario L3V 5E8

(705) 325-1366
(705) 325-7556

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705.746.5844

diannejacklin@royallepage.ca

49 James St. Parry Sound, ON
P2A 1T6