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CAD 2,120,000

462 LACLIE Street
Orillia, Ontario

Baths 12

Property Description

VALUE ADD OPPORTUNITY 12 Unit - Multi-Family Apartment building with 10 x bachelor units and 1 x 1 bdrm unit AND 1 x 2 bdrm unit. Each unit has 2 separate entrances. Low maintenance expenses, steel roof, common heat system. Property is always full as there are so few purpose built small apartment complexes. Potential to build an addition with 4 more units on north side of building. Well located, on bus route, and near essential amenities such as grocery store, beer store, etc. which is about 200 meters away! Real potential to increase value of the property by almost doubling the rents to meet current market! (id:885)

Courtesy of Maven Commercial Real Estate Brokerage

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Property Details

ID #
40135818
Status
For Sale
Type
Multi-family
Postal Code
L3V4P8
Building Area
6,020ft2
Amenities
Public Transit, Shopping
Area Amenities
Public Transit, Shopping
Basement
Partial (Unfinished), Unfinished
Construction Style Attachment
Detached
Exterior
Brick
Fire Protection
Smoke Detectors
Foundation Type
Block
Heating Type
Baseboard heaters
Ownership Type
Freehold
Size Frontage
85 ft
Utility Water
Municipal water
Zoning Description
C4
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