103 Albert Street S Orillia, Ontario L3V 5L1

$589,900

This legal 4 plex will impress you the moment you arrive. Extensive renovations in 2017 to create 4 efficient apt's. All done by permit and final occupancy granted from the City building dep't. Each unit has separate heat and hydro so tenants pay their own utilities except for water. Gas heat in 3 of the 4 units. Electric in the 4th unit. Paved driveway with 4 parking spots, metal roof and deep lot. Apt #1 - 1br - $1,100 + gas & hydro. Apt #2 - 1br - $895 + gas & hydro. Apt #3 - Bachelor - 925 + gas & hydro. Apt #4 - Bachelor - 917 + hydro. Gross annual rent - $47,244. Expenses - Insurance - 2508, Water - 2020, Taxes - 5382, Snow/Grass - 1600. Total Expenses = 11,510. A nice downtown investment opportunity!! (id:42776)

Property Details

MLS® Number	S12350207
Property Type	Multi-family
Community Name	Orillia
Features	Sloping
Parking Space Total	4
Structure	Patio(s)

Building

Bathroom Total	4
Bedrooms Above Ground	2
Bedrooms Total	2
Amenities	Separate Electricity Meters, Separate Heating Controls
Appliances	Water Heater, Water Meter, Stove, Refrigerator
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Exterior Finish	Vinyl Siding
Foundation Type	Stone, Block
Heating Fuel	Natural Gas
Heating Type	Other
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	165 Ft
Size Frontage	48 Ft
Size Irregular	48 X 165 Ft
Size Total Text	48 X 165 Ft

https://www.realtor.ca/real-estate/28745366/103-albert-street-s-orillia-orillia