$2,250,000
$2,490,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
65 Colborne Street E Orillia, ON L3V 1S2
10,829 SqFt
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,829 sqft
Price per Sqft $207
MLS Listing ID 40279262
Sold Date 09/14/22
Abv Grd Liv Area 12,677
Originating Board The Lakelands
Annual Tax Amount $12,314
Property Description
INVESTMENT OPPORTUNITY IN DOWNTOWN ORILLIA! THIS PROPERTY CONSISTS OF 32 RENTAL UNITS. (27 MOTEL UNITS, 2-1 BR UNITS + 3-2 BR UNITS) NB-OWNER LIVES IN A 2 BR UNIT AND NO RENT IS CALCULATED ON INCOME STATEMENT. OVER 10,000 SQ. FT, NEW GAS BOILER IN 2022 FOR MAIN BUILDING. ROOMS ARE FURNISHED. FULL OCCUPANCY. EXCELLENT CAP RATE- NET INCOME IS 216,000. INC/EXP BASED ON YEAR 2021.
Location
Province ON
County Simcoe County
Area Orillia
Zoning C4i
Direction West St to Colborne St. E to #65.
Rooms
Basement Partial, Partially Finished
Kitchen 0
Interior
Interior Features High Speed Internet
Heating Baseboard, Electric, Gas Hot Water
Cooling None
Fireplace No
Appliance Water Heater Owned
Laundry Inside, Main Level
Exterior
Exterior Feature Year Round Living
Parking Features Exclusive
Pool None
Utilities Available Cable Available, Cell Service, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
Roof Type Metal, Shingle
Lot Frontage 79.0
Garage No
Building
Lot Description Urban, Irregular Lot, Paved, City Lot, High Traffic Area, Public Transit, Shopping Nearby
Faces West St to Colborne St. E to #65.
Story 1
Foundation Concrete Block, Slab
Sewer Sewer (Municipal)
Water Municipal-Metered
Level or Stories 1
Structure Type Stucco
New Construction No
Others
Tax ID 586680151
Ownership Freehold/None
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