705-774-0353

diannejacklin@royallepage.ca

49 James St. Parry Sound, ON P2A 1T6


LOADING

65 Colborne Street E Orillia, Ontario L3V 1S2

10829
None Baseboard Heaters, Hot Water Radiator Heat

$2,800,000

INVESTMENT OPPORTUNITY IN DOWNTOWN ORILLIA! THIS PROPERTY CONSISTS OF 32 RENTAL UNITS. (27 MOTEL UNITS, 2-1 BR UNITS + 3-2 BR UNITS) NB-OWNER LIVES IN A 2 BR UNIT AND NO RENT IS CALCULATED ON INCOME STATEMENT. OVER 10,000 SQ. FT, NEW GAS BOILER IN 2022 FOR MAIN BUILDING. ROOMS ARE FURNISHED. FULL OCCUPANCY. EXCELLENT CAP RATE- NET INCOME IS 216,000. INC/EXP BASED ON YEAR 2021. (id:18401)

Property Details

MLS® Number 40279262
Property Type Multi-family
Amenities Near By Public Transit, Shopping
Communication Type High Speed Internet
Community Features High Traffic Area
Equipment Type None
Parking Space Total 15
Rental Equipment Type None

Building

Basement Development Partially Finished
Basement Type Partial (partially Finished)
Cooling Type None
Exterior Finish Stucco
Fire Protection None
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters, Hot Water Radiator Heat
Stories Total 1
Size Interior 10829
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Frontage 79 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description C4i

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/24546760/65-colborne-street-e-orillia

Interested?

Contact us for more information


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Brian Zwiers
Salesperson

(705) 323-2234
(705) 325-7556

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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705.774.0353

diannejacklin@royallepage.ca

49 James St. Parry Sound, ON
P2A 1T6