7 Dunn Avenue Orillia, Ontario L3V 2P1

$730,000

Legal Duplex, fire-code compliant, fully interior remodel in 2019 with new kitchens, appliances, laundry, flooring, baseboards, paint, and more. Tenants pay utilities other than water and are willing to stay if permitted. Both apartments are rented at market rents. Great cash-flow investment, dual family, or new owner lives in one and helps pay mortgage with the other rented apartment. Priced at 6% cap rate. Financials and Rent Roll upon request. Two generous 3-bedroom apartments, one upper, and one lower. Both apartments equipped with laundry, independent heating, good quality sliding windows, and shared access to yard space as well as backyard shed for additional storage. Single car attached garage is currently used by the landlord, but could be rented for additional amount. Upper 3-bedroom apartment features 1320 square feet of open concept living space, master bedroom with ensuite bathroom. Two more bedrooms, another washroom, lots of closets, and a large entertainment room as well as dining room with skylight, and IKEA kitchen with three stainless steel appliances, plus laundry. Lower 3-bedroom apartment features 1025 square feet of living space, large master bedroom, two more bedrooms (one with laundry), large closets, open concept dining / living room, and IKEA kitchen, with two appliances. Room for 5 car parking in the paved driveway (2020). Roof shingled in 2017. Located on a quiet residential street with close proximity to shopping, schools, parks, restaurants, and easy access to HWY 12 and HWY 11. (id:50638)

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https://www.realtor.ca/real-estate/25954663/7-dunn-avenue-orillia