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416 Gill Street, Orillia, ON L3V 4K6
Orillia, ON, L3V 4K6
MLS® Number : S12555286
8 Beds / 4 Baths / 8 Parking
Lot Front: 74.8 Feet / Lot Depth: 197.35 Feet
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.
Extras
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Property Type
Fourplex
Neighbourhood
Orillia
Garage Spaces
8
Property Taxes
$ 7,785
Area
Simcoe
Additional Details
Building
Bedrooms
8
Bathrooms
4
Utilities
Water
Municipal
Sewer
Sewer
Features
Kitchen
4
Family Room
No
Basement
Apartment
Fireplace
No
External Features
External Finish
Brick
Property Features
Cooling And Heating
Cooling Type
None
Heating Type
Forced Air
Bungalows Information
Days On Market
0 Days
Rooms
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