7.53% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full.
| MLS # | S13797516 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Year | 0 |
| Days On Site | 43 |
| Listing Provided By | Real Broker Ontario Ltd. | S13797516 563605 |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,804 |
| Acreage | 0.04 |
| Cooling | Partial |
|---|---|
| Heat Source | Gas |
| Community Features | Public Transit, Recreation/Community Centre |
|---|
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
| Tax Annual Amount | 4686.99 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 4 N/S NOTTAWASAGA ST PL 137/180 ORILLIA AS IN RO948599 T/W RO948599; ORILLIA |
| Tax Year | 2026 |
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 3J4 |
| Area | Orillia |
| Listing VS Median (in L3V 3J4) | |
Price: $829,900 low | high Med: $789,900 sqft: 1,804 low | high Med: 1,987 $ / sqft: $460 low | high Med: $403 On site: 43 low | high Med: 30.5 | |
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 3J4 |
| Area | Orillia |
| Listing VS Median (in L3V 3J4) | |
Price: $829,900 low | high Med: $789,900 sqft: 1,804 low | high Med: 1,987 $ / sqft: $460 low | high Med: $403 On site: 43 low | high Med: 30.5 | |