416 GILL STREET, Orillia, Ontario, L3V4K6
The Perfect Fourplex doesn't come around very often....Until Today!! 416 Gill Street is a purpose built, all brick fourplex with four 2 Bedroom , 1 Bath apartments, all the same, approximately 860 sqft each. The property is fully tenanted with four fantastic tenants. Property provides 8 parking spaces for your tenants. The updated apartments are in fantastic condition, three with newer kitchens. All units have separately metered forced air gas furnaces, separate hydro meters and a large in unit storage closet. Sound proofing added between upper and lower apartments for peaceful living. New 25 Year Architectural Shingles in 2014 and all new windows in 2017/18. On-site Coin Laundry for tenant convenience, two washers and two gas dryers, all owned. All units also have full size appliances. New back up generator installed in 2025 that powers part of the building including hot water. Very large lot for your tenants to enjoy the yard, but could also be large enough to add additional dwelling units on property (check with City of Orillia Planning). There is lots of upside on tenant turnovers as well. A great addition to your multi-unit investment portfolio or perfect hassle free investment to get started on your Landlord journey. (id:2471)
ROYAL HERITAGE REALTY LTD., BROKERAGE
- 705-212-9996
- (705) 328 3800
- (705) 878 3422
- Info@jancsiks.com
- Property Address: 416 GILL STREET, Orillia, Ontario, L3V4K6
- Community Name: Orillia
- Property Type: Multi-family
- Zoning Description: R2-11
- Lot Size: 74.8 x 197.4 FT
- Acreage: 74.8 x 197.4 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 8
- Maintenance Fee: 0.00
- Structure Style: Fourplex
- Storeys: 1
- Floor Space: 3500 - 5000 sqft
- Bedrooms: 8
- Bathrooms: 4-Total
- Basement Type: N/A
- Heating Type: Natural gas, Forced air
- Cooling: None
- Exterior Type: Brick
- Foundation Type: Concrete
- Appliances Included: Dryer, Stove, Washer, Refrigerator
Listing Office: RE/MAX JAZZ INC.
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