$674,900

For sale

275 Gill Street, Orillia - Multi-family for Sale

275 Gill Street, Orillia, Ontario, L3V4K3

4 beds3 baths14 parking1,750 ft²67 × 200 ft (13,407 sq ft) lot sizeListed 48 days ago

Overview

This multi-family property in Orillia is for sale offering roughly 1,750 sq ft of space. It has been on the market 48 days, fresher than the Orillia average of 66 days.

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Description

Top 5 Reasons You Will Love This Home: 1) Incredible flexibility awaits with two self-contained dwellings in one property, each with their own furnace and central air, including a spacious front unit with two bedrooms plus a den and two full bathrooms, as well as a comfortable rear unit with two bedrooms and one bathroom 2) Valuable R4 zoning enhancing the property's appeal, offering exciting future opportunities and a variety of permitted uses through the City of Orillia 3) Detached oversized shop adding exceptional versatility, providing ample space for a workshop, home-based business, vehicle storage, recreational equipment, or additional parking 4) Thoughtfully designed for multi-generational living, accommodating extended family, or creating an income-generating opportunity by living in one unit and renting the other 5) Modern rear dwelling completed in 2019 and complemented by numerous updates throughout, ensuring a well-maintained, dependable property that is ready to enjoy for years to come. 1,786 above grade sq.ft. plus an unfinished basement. *Please note some images have been virtually staged to show the potential of the home. (id:66096)

Property Details

MLS®: S13797376
Property Type: Multi-family
Zoning: R4
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Parking: 14
Interior Size: 1,750 ft²
Lot Size: 67 × 200 ft (13,407 sq ft)
Frontage: 67 ft
Storeys: 2
Basement: Partially finished, Crawl space
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Property Tax: $5,760/yr

Rooms

Main level

Mud room: 4.87 x 1.68 meters
Bedroom: 3.69 x 2.57 meters
Kitchen: 5.21 x 3.42 meters
Living room: 5.24 x 3.48 meters
Living room: 3.65 x 3.52 meters
Kitchen: 3.96 x 2.51 meters
Bedroom: 3.69 x 3.04 meters
Laundry room: 1.85 x 1.57 meters

Upper Level

Bedroom: 3.49 x 2.58 meters
Bedroom: 3.49 x 2.55 meters

Features

Appliances: Refrigerator, Stove, Microwave
Flooring: Laminate
Foundation: Stone
Exterior: Vinyl siding
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Orillia listings, avg age

66d

Price / ft²

$386

List price

$675K

Haho

This 4-bed multi-family in Orillia has been listed for 48 days, which is 18 days fresher than the city average of 66. Act while there is still low competition.

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Listed by FARIS TEAM REAL ESTATE BROKERAGE · MARK FARIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $674,900, about 8.7× the local median household income of $77,500.

Carrying it typically needs a household income of about $131,832 (20% down, 25-yr amortization, stress-tested) — roughly 70% above the area median.

Median household income: $77,500
Population: 48,651
Median age: 47.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3V)

$674,900· $386/ft²

For sale

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Full Cost Breakdown

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Down Payment6.30% · $42,490

Min 6.30%50%

Mortgage payment$3,506/mo

↳ CMHC premium ($25,296 capitalized)

Property tax (est.)$480/mo

Total monthly$3,986

Cash Needed to Close

Down payment (6.30%)$42,490

Land transfer tax$9,973

Est. closing costs$4,525

Total cash needed$56,988

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