115 ALBERT Street S , Orillia , Ontario , L3V 5L1

Listing ID :40118175

$699,000.00

115 ALBERT Street S , Orillia , Ontario , L3V 5L1

Property Type
Multi-family
Building Type
Duplex
Storeys
2
Title
Freehold
Land Size
under 1/2 acre
Parking Type
NA
Year Built
NA

Description

ATTENTION INVESTORS! Turn key, fully renovated LEGAL DUPLEX in Orillia. Ideal location walking distance to downtown, the hospital, and moments away from the water! Main floor 2-bedroom unit currently rents for $1725 + hydro with an A++ tenant who would like to stay (Lease until July 1, 2021). The 1-bedroom upper unit currently rents out for an average of $2858/month as a lucrative short-term rental/air bnb. Large 51.33ft x 165.83 would be ideal for a garden suite to further increase income potential (Buyer to do their due diligence with the City of Orillia). New electrical and ESA report (2020), New plumbing (2019), Newer Shingles & Windows (2019), Fully Fenced yard (2020), Separate AC Units (2020), Newer Appliance (2019). The basement has been waterproofed with a French drain system with transferable warranty (2020). These two units contain their own parking, separate laundry, separate heat controls, separate hydro meters and complete occupancy report from the City of Orillia is available (2020). Projected Gross Annual income $54,996, Projected Annual Expenses $ 6,711. Projected Net Annual Income of $48,285. This property yields an estimated cap rate of 7.4% at list price. See Documents tab for additional information. (id:38336)

Details

AccessType
NA
Appliances
Water meter
Features
Beach, Sump Pump
Parking Type
NA
Rental Equipment
None
Structure
NA
Waterfront
NA
WaterFrontName
NA

Building

Bathrooms (Partial)
NA
Bathrooms (Total)
2
Bedrooms - Above Grade
NA
Bedrooms - Below Grade
NA
Exterior Finish
Brick, Vinyl siding
Fireplace Type
NA
Floor Space
NA
Flooring
NA
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Rental Equipment
None
Style
Detached
Utility Sewer
Municipal sewage system
Water
Municipal water

Land

Landscape Features
NA

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