Are you an investor? Looking for an investment where the numbers finally work? 1) Presenting an exquisite 5-plex investment property where you have the opportunity to set your own rents, fully reimagined with meticulous attention to detail. This property boasts four legally recognized units, with the front of the house being gutted to the studs and rebuilt new, and the back half is newly built to the highest standards, with luxurious finishes. 2) Step into each unit and be welcomed by stunning kitchens, outfitted with top-of-the-line stainless steel appliances and stylish cabinetry. The renovations extend to every aspect of the units, including individual air conditioning units, in-suite washers and dryers, and elegantly appointed bathrooms with towel warmers. And Triple-glazed front windows ensure quiet interiors, even with the property's prime location. 3) This property is a licensed short-term rental, fully compliant with the City of Orillia regulations, and the license is transferable to the new owner. Units 1, 2, 3, and 4 are being offered fully furnished, and the property features a new metal roof, new upgraded flooring, new floor joists, new electrical, new plumbing, spray foam insulation, a high-end security camera system, and a sprinkler system, ensuring peace of mind and energy efficiency. 4) The property’s separately metered 200-amp service allows for precise control over heating and hydro, facilitated by an energy-efficient on-demand hot water boiler with durable aluminum radiators for longevity. State-of-the-art access control technology enables remote management, making ownership effortless. 5) Situated in the heart of the city, directly across from the hospital, this property benefits from HC2 zoning, permitting a wide range of uses and offering excellent potential for future development. This 5-plex is more than just a place to live—it's an exceptional investment opportunity where every detail has been crafted to offer both luxury and practicality. (id:47421)
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Detailed Information
Bedrooms
4+1
Bathrooms
5
Lot
66 x 165 ft
Amenities Nearby
Hospital, Public Transit, Schools, Shopping
Equipment
None
Features
Paved driveway
Listing Contract Date
2024-09-05
Location Description
Douglas St/Mississaga St W
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Single Family
Rental Equipment
None
Structures
Barn
Transaction Type
For sale
Zoning Description
HC-2
Building
Appliances
Window Coverings
Architectural Style
2 Level
Basement Development
Finished
Basement Type
Full (Finished)
Construction Style (Attachment)
Detached
Cooling Type
Wall unit
Exterior Finish
Brick, Vinyl siding
Fire Protection
Security system
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Boiler
Stories Total
2
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
4pc Bathroom
Second level
Measurements not available
Bedroom
Second level
11'4'' x 12'3''
Kitchen
Second level
11'2'' x 6'2''
Dining room
Second level
8'11'' x 6'2''
Living room
Second level
20'1'' x 13'10''
4pc Bathroom
Second level
Measurements not available
Bedroom
Second level
12'3'' x 9'3''
Living room
Second level
12'3'' x 9'4''
Kitchen
Second level
11'11'' x 12'11''
3pc Bathroom
Lower level
Measurements not available
Bedroom
Lower level
13'3'' x 14'11''
Recreation room
Lower level
8'10'' x 14'11''
Kitchen
Lower level
4'1'' x 14'11''
4pc Bathroom
Main level
Measurements not available
Bedroom
Main level
12'8'' x 11'7''
Kitchen
Main level
13'8'' x 9'5''
Living room
Main level
13'8'' x 9'10''
4pc Bathroom
Main level
Measurements not available
Bedroom
Main level
12'7'' x 14'0''
Kitchen
Main level
12'8'' x 8'9''
Living room
Main level
17'6'' x 11'11''
Land
Total Size
under 1/2 acre
Access Type
Road access
Amenities
Hospital, Public Transit, Schools, Shopping
Fence Type
Fence
Landscape Features
Lawn sprinkler
Sewer
Municipal sewage system
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