371 EAST ST ORILLIA Street, Orillia, Ontario, L3V4C6




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$589,000
Orillia
This multi-family property in Orillia is for sale offering roughly 1,750 sq ft of space. It has been on the market 24 days, fresher than the Orillia average of 67 days.
4 PLEX in Orillia ready to rent to your tenants of choice and set to generate immediate income of estimated $7000 per month with excellent parking at front and rear (approximated 6-8 cars). Low maintenance building offers Unit #1- 3 Bedrooms and 1 bathroom ; Unit #2 - Bachelor with 1 bathroom ; Unit #3 - 4 Bedroom and 1 bathroom ; Unit #4 - 2 Bedrooms and 1 bath. Located steps to downtown, Tudhope park and the waterfront this is ideal for first-time investors looking to build equity in a town with strong demand. Home has two gas furnaces for heat, steel roof and vinyl windows. 10 Bedrooms and 4 baths in total. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 24 days on market, against an average age of 67 days across the listings currently for sale in this city
This 10-bed multi-family in Orillia has been listed for 24 days, which is 43 days fresher than the city average of 67. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $589,000, about 7.6× the local median household income of $77,500.
Carrying it typically needs a household income of about $115,052 (20% down, 25-yr amortization, stress-tested) — roughly 48% 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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