$700,000

215 Barrie Road

Orillia ON, L3V 2P6

Description

Turn Key with a big upside! The zoning permits additional units and lot size is big enough to add them. Zoned r2-i intensification, which permits more units or mix use, ask listing agent for list of permitted uses. Legal triplex just created, renovated from top to bottom by professionals with permits . superior craftsmanship. Upgraded finishes. 2nd floor unit is rented for 1800 plus hydro, two units vacant to pick your own tenants but only if you act now. Projected gross rental income of $62,500.00 . NOI of $48,807 .00 separate hydro, heating & hot water tanks for each unit. No need to budget for repairs or capital expenses for a long time. Almost everything has been upgraded including plumbing & wiring. 6 brand new stainless steel appliances. Terrific rental location; near all amenities, arterial roads, on bus route, short drive to post secondary schools and OPP. You can walk to downtown, the beach, parks, hospital, restaurants, recreation trails and new recreation center. Floor plans and pro forma available from listing agent. A Definite must see.

Details

MLS#40044818
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site9

Features

Bed(s)4
Bath(s) 3 Total
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Area Information
ProvinceON
CountySimcoe County
CityOrillia
Postal CodeL3V 2P6
AreaOrillia
Listing VS Median (in L3V 2P6)
Price:
$700,000
low | high
Med:
$700,000
50% of Average
On Site:
9
low | high
Med:
12
75% of Average
Listing Updated: November 25, 2020 8:00:39 PM PST
Theresa Coulson LogoMLS Number: 40044818
Listing Provided By:
Theresa Coulson  of  Century 21 B.J. Roth Realty Ltd. Brokerage
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