$499,900

61 Dunedin Street

Orillia ON, L3V 5T4

Description

Three unit building near hospital. Fantastic Cash Flow. Some recent updates completed including adding a second level bedroom to the upper unit. (Huge upside to rent for future tenants). Two 2-bedroom units and one 3- bedroom two-level unit. Fully tenanted with great paying tenants. Zero vacancies, sought after rental area. Total rents: $3500/monthly. NOI = $31,880 annually with just the mortgage to pay after that. Future owner could convert to natural gas heat and greatly increase cash flow. GEOWAREHOUSE describes buidling as: "Residential property with three self-contained units" although property is not being sold as a legal tri-plex. To decrease inconvenience to tenants showings are available Mon and Thurs 4-7 and Sat 12-4. Building beside (57 Dunedin) will be for sale soon too and it also has 3 units.

Details

MLS#40033839
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site15

Features

Loading Form
Loading Form
Area Information
ProvinceON
CountySimcoe County
CityOrillia
Postal CodeL3V 5T4
AreaOrillia
Listing VS Median (in L3V 5T4)
Price:
$499,900
low | high
Med:
$499,900
50% of Average
On Site:
15
low | high
Med:
15
100% of Average
Listing Updated: 10/29/2020
Steve Gunson LogoMLS Number: 40033839
Listing Provided By:
Steve Gunson  of  Sutton Group Incentive Realty Inc. Brokerage
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.