65 Colborne Street E Orillia, Ontario L3V 1S2
$2,490,000
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. (id:37962)
Property Details
| MLS® Number | 40279262 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Shopping |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Equipment Type | None |
| Parking Space Total | 15 |
| Rental Equipment Type | None |
Building
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Cooling Type | None |
| Exterior Finish | Stucco |
| Fire Protection | None |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Hot Water Radiator Heat |
| Stories Total | 1 |
| Size Interior | 10829 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 79 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | C4i |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24546760/65-colborne-street-e-orillia
Salesperson
(705) 323-2234
(705) 325-7556
450 West St. N
Orillia, Ontario L3V 5E8
(705) 325-1366
(705) 325-7556
https://bjrothrealty.c21.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 09 2022 03:42:02
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Century 21 B.j. Roth Realty Ltd., Brokerage, Orillia