12
See all 12 photos
$2,299,000
Est. payment /mo
15 Beds
8 Baths
Active
82 Fittons RD E Orillia, ON L3V 2J5
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Orillia
MLS Listing ID S12323957
Style 2 1/2 Storey
Bedrooms 15
Annual Tax Amount $15,100
Tax Year 2025
Property Sub-Type Multiplex
Lot Depth 94.33
Lot Front 110.0
Appx SqFt 3500-5000
Property Description
Turn-key investment property! Excellently maintained, purpose built, legal 8 unit apartment building. Located in northern Orillia in a quiet, well established neighborhood close to all amenities. Built in 2016 this 8-plex has 7, 2 bedroom units and 1, 1 bedroom units. Strong rents which are mostly close to market value this property is approximately a 5.31% return on cash investment. Very little maintenance required, generally fairly hands off property. All tenants pay their own utilities. Units have been well kept and maintained since construction with miscellaneous updates to the building since it was constructed. 9 parking spots and 1 handicapped parking spot. Do not go direct or bother tenants. Financials available upon inquiry. Buyer or their agent to verify that financials provided are true and accurate.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Zoning R5i(H1)
Rooms
Family Room Yes
Basement None
Kitchen 8
Interior
Interior Features Water Heater
Cooling Central Air
Inclusions 8 x fridge, 8 x stoves, 8 x dish washers
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 110.0
Lot Depth 94.33
Total Parking Spaces 10
Building
Foundation Concrete
Others
Senior Community No
Listed by ED LOWE LIMITED
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