273 Moffat Street Orillia, Ontario L3V 4E9
$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
Interested?
Contact us for more information
Sarah J. Stevens
Salesperson
(705) 325-7556
sarahjstevens.com
450 West St. N
Orillia, Ontario L3V 5E8
(705) 325-1366
(705) 325-7556
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Century 21 B.j. Roth Realty Ltd., Brokerage, Orillia - M298
March 25 2021 09:51:30
