14 Elgin Street, Orillia, Ontario, L3V1R9




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$2,299,000
Orillia
This multi-family property in Orillia is for sale offering roughly 5,242 sq ft of space.
Great investment opportunity in Otilia! This well-maintained 12-unit property offers a strong income potential with a desirable unit mix of six 1-bedroom units and six bachelor suites. The building includes seven parking spaces, adding extra value and convenience for tenants. Ideally located close to downtown, public transit, shopping, and schools, this property is highly attractive to students and urban renters alike. A solid addition to any investment portfolio with consistent rental demand in a prime location. Clean Phase 1 report available. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 188 days on market, against an average age of 66 days across the listings currently for sale in this city
This multi-family in Orillia is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,299,000, about 29.7× the local median household income of $77,500.
Carrying it typically needs a household income of about $449,075 (20% down, 25-yr amortization, stress-tested) — roughly 479% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3V)
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Loading rates, 30-yr amortization
Cash Needed to Close
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