31 MISSISSAGA STREET W, Orillia, Ontario, L3V 3A5

$1,195,000

MLS® # S8228264

Investment For Sale In Orillia, Ontario

$1,195,000

Property Information:

Top 5 Reasons You Will Love This Property: 1) Rare opportunity to own a renovated and turn-key, multi-unit commercial building in the heart of Orillias blossoming downtown 2) Enjoy a cap rate over 6% with five fully tenanted units, including two commercial spaces on the main level, one being a laundromat and the other being a clothing store 3) Three modernized and updated, two-bedroom residential units with an additional long-term revenue upside 4) Recent updates include a TPO roof, copper and pex plumbing throughout, and $581/month increased NOI 5) Directly across the street from the Orillia Public Library and Opera House in one of Orillia's most coveted downtown neighbourhoods. 5,816 fin.sq.ft. Age 104. Visit our website for more detailed information. (id:27)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 5224 Square Feet
  • Heating Type: Baseboard heaters
  • Cooling Type: Fully air conditioned
  • Appliances: Microwave, Refrigerator, Stove

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 5224.00 Square Feet
  • Irregular: Yes
  • Lot Size: 26.62 x 137.7 FT
  • No. of Parking Spaces: 3

Courtesy of: FARIS TEAM REAL ESTATE

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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