Exceptional opportunity to own a fully renovated 7-unit apartment building with high in-place income and excellent tenant profile. Completely occupied, this turnkey investment has been thoughtfully upgraded in 2023 with new doors, windows, flooring, water tank, modern appliances, and energy-efficient floor heating. A newly added retaining wall maximizes functionality by increasing available parking. The property includes 5 spacious 2-bedroom, condo-style apartments featuring wall A/C units and updated kitchens with dishwashers, one 1-bedroom apartment, and 1 bachelor. Designed for both tenant comfort and investor peace of mind, this well-maintained asset offers a compelling blend of stability, quality, and long-term growth potential. All tenants pay their own hydro. It is located within walking distance of the lake and marina.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Total Approx Floor Area:
3500-5000
Lot Depth:
120'36.6 m
Lot Frontage:
103'7½"31.6 m
Direction Faces:
West
Bedrooms:
8+4
Bathrooms:
7.0
Water supply:
Municipal
Kitchens:
7
Kitchens in Basement:
3
Bedrooms Above Grade:
8
Bedrooms Below Grade:
4
Kitchens Above Grade:
4
Rooms Above Grade:
12
Rooms Below Grade:
6
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Not Applicable
Roof:
Shingles
Basement:
Apartment, Finished with Walk-Out
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
8
Total Parking Spaces:
8.0
Family Room:
No
Possession Details:
30/60/TBA
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$10,733 /
2025
Assessment:
$- /
2025
Simcoe
Orillia
Orillia
None
All EF, 7 stoves, fridges, 4 dishwashers, 4 wall A/C units, 2 washer and 2 drayer.
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