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Royal LePage
Royal LePage
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$1,384,900

Orillia ON, L3V 4K6

MLS® # S12555286

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Amenities: Separate Heating Controls
  • Architectural Style: Raised bungalow
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Concrete
  • Utility Power:
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 4
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 197.3 Feet
  • Lot Frontage: 74.8 Feet
  • Lot Size: 74.8 x 197.4 FT
  • Zoning: R2-11
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 8

Courtesy of: RE/MAX JAZZ INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 416 GILL STREET, Orillia, Ontario, L3V 4K6

Demographic Information of 416 GILL STREET, Orillia, Ontario, L3V 4K6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,404.72

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.41 %

High school certificate or equivalent

31.12 %

Apprenticeship trade certificate/diploma

7.6 %

College/non-university certificate

22.7 %

University certificate (below bachelor)

0.49 %

University Degree

9.67 %

Commuter

Travel To Work

By Car

87.4 %

By Public Transit

4.41 %

By Walking

4.17 %

By Bicycle

1.4 %

By Other Methods

2.62 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

43.48 %

Houses

56.52 %

Own Vs. Rent

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