Description
Exceptional opportunity to own a fully renovated 7-unit apartment building with high in-place income and excellent tenant profile. Completely occupied, this turnkey investment has been thoughtfully upgraded in 2023 with new doors, windows, flooring, water tank, modern appliances, and energy-efficient floor heating. A newly added retaining wall maximizes functionality by increasing available parking. The property includes 5 spacious 2-bedroom, condo-style apartments featuring wall A/C units and updated kitchens with dishwashers, one 1-bedroom apartment, and 1 bachelor. Designed for both tenant comfort and investor peace of mind, this well-maintained asset offers a compelling blend of stability, quality, and long-term growth potential. All tenants pay their own hydro. It is located within walking distance of the lake and marina.
Location Description
Canice/Borland
Property Details
- Community: Orillia
- Property Type: Tenant/Residential Freehold
- Bedrooms: 12
- Bath: 7
- Garages: None
- Annual Property Taxes : $ 10733
Building Features
- Foundation Type: Not Applicable
- Counstruction Material : Brick
- Total Parking Space : 8
- Parking Type : None
Features
- Heating : BaseboardElectric
- Sewer : Sewer ,
Listing Contracted With: GRANGE HALL REALTY INC.
