Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within.
Sold for $1,500,000
C$1,500,000
320 Laclie St, Orillia, ON L3V 4P1
11beds
0baths
4,676sqft
Multi-6-9 Unit, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$321/sqft
C$1,862 Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Owner options
List your home for rent
C$1,862/mo
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C$1,862/mo
Rent Zestimate®
Refinance and save
C$6,341/mo
Est. payment
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C$6,341/mo
Est. payment
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Private yardsVisitor parking spaces
Zillow last checked:
Listing updated:
Listed by:
Kaleb Streeter, Salesperson,
RE/MAX Right Move Brokerage
Source: ITSO,MLS®#: 40672773Originating MLS®#: Barrie & District Association of REALTORS® Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 0
Heating
- Radiant Floor, Radiant
Cooling
- None
Appliances
- Included: Hot Water Tank Owned
- Laundry: Coin Operated
Features
- None
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 4,676
- Total interior livable area: 4,676 sqft
- Finished area above ground: 4,676
Property
Parking
- Total spaces: 13
- Parking features: Leased, Outside/Surface/Open
- Uncovered spaces: 13
Features
- Exterior features: Year Round Living
- Pool features: None
- Frontage length: 159.00
Lot
- Dimensions: 159 x 0
- Features: Public Transit, School Bus Route
Details
- Parcel number: 586590003
- Zoning: C2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-6-9 Unit, Multi Family
Materials
- Stucco, Wood Siding
- Foundation: Block
- Roof: Membrane
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal-Metered
Community & HOA
Community
- Security: Security System
Location
- Region: Orillia
Financial & listing details
- Price per square foot: C$321/sqft
- Annual tax amount: C$16,250
- Date on market: 11/13/2024
- Inclusions: Hot Water Tank Owned
- Exclusions: Tenant's Belongings
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2025 | Sold | C$1,500,000C$321/sqft |
Source: ITSO #40672773 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: L3V
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Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Ontario
- Simcoe County
- Orillia
- L3V 4P1
- 320 Laclie St
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