$499,900

61 Dunedin Street

Orillia ON, L3V 5T4

Description

Three unit building near hospital. 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: $31,592 annually leaving only the mortgage to pay. 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. Property beside at 57 Dunedin will also be for sale soon. It too is a three unit building. Possibility to own both!

Details

MLS#40033735
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site13

Features

SQ Feet3,300
Units3
Building(s)1
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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
SqFt:
3,300
low | high
Med:
1,650
100% of Average
$ / SqFt:
$151
low | high
Med:
$76
100% of Average
On Site:
13
low | high
Med:
13
100% of Average
Listing Updated: 10/27/2020
Steve Gunson LogoMLS Number: 40033735
Listing Provided By:
Steve Gunson  of  Sutton Group Incentive Realty Inc. Brokerage
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