Last price change Apr 22
bed
0bathProperty type
Investment
Lot size
N/A
Style
Approx. Area
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12 Rental Apartments in the heart of Downtown Orillia, located within a short walk to the lake, Starbucks, Metro grocery store, Home Hardware, and several shops, restaurants, and more! 5% cap rate! Only $150,000 per suite offering a very attractive and affordable investment opportunity, with low operational costs and A+ rental market!Orillia benefits from a stable economic foundation, with recent investments in downtown waterfront development, a new recreation facility, and community improvement programs. Recognized as one of Ontario's top 10 cities for real estate investment, the city has seen housing starts grow by 110% and consistent price increases since 2015. This momentum, paired with a diverse tenant base including students from nearby colleges and professionals, makes multi-family investments in Orillia a secure and promising opportunity for long-term growth. Full income and expense details available.
Last updated
Apr 22
Virtual tour
None
Basement information
Building size
6000
Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
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