416 Gill Street, Orillia, ON L3V 4K6

$1,199,000
: 8
BD
: 4
BA
: 3,500
SqFt

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List Price: $1,199,000
Price Change: ▼ $51,000 1785440641
MLS#: S13078240
Status: ACTIVE
Type: Multifamily
SubType: Fourplex
Style: Bungalow-Raised
Bedrooms: 8
Bathrooms: 4
Living Area: 3500-5000
Province: ON
Municipality: Orillia
Area: Simcoe
Neighborhood: Orillia
Subdivision: Highway 12 And Gill

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Property Description

The Perfect Fourplex doesn't come around very often....Until Today!! 416 Gill Street is a purpose built, all brick fourplex with four 2 Bedroom , 1 Bath apartments, all the same, approximately 860 sqft each. The property is fully tenanted with four fantastic tenants. Property provides 8 parking spaces for your tenants. The updated apartments are in fantastic condition, three with newer kitchens. All units have separately metered forced air gas furnaces, separate hydro meters and a large in unit storage closet. Sound proofing added between upper and lower apartments for peaceful living. New 25 Year Architectural Shingles in 2014 and all new windows in 2017/18. On-site Coin Laundry for tenant convenience, two washers and two gas dryers, all owned. All units also have full size appliances. New back up generator installed in 2025 that powers part of the building including hot water. Very large lot for your tenants to enjoy the yard, but could also be large enough to add additional dwelling units on property (check with City of Orillia Planning). There is lots of upside on tenant turnovers as well. A great addition to your multi-unit investment portfolio or perfect hassle free investment to get started on your Landlord journey.

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Additional Information

Taxes: $7,785
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Kitchens: 4
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 8
Parking Type: Private