• 566 Bryne Dr, Barrie ON L4N 9P6


LOADING

115 Albert Street S Orillia, Ontario L3V 5L1

3 Bedroom 2 Bathroom
Ductless Forced Air

$699,000

ATTENTION INVESTORS! Turn key, fully renovated LEGAL DUPLEX in Orillia. Ideal location walking distance to downtown, the hospital, and moments away from the water! Main floor 2-bedroom unit currently rents for $1725 + hydro with an A++ tenant who would like to stay (Lease until July 1, 2021). The 1-bedroom upper unit currently rents out for an average of $2858/month as a lucrative short-term rental/air bnb. Large 51.33ft x 165.83 would be ideal for a garden suite to further increase income potential (Buyer to do their due diligence with the City of Orillia). New electrical and ESA report (2020), New plumbing (2019), Newer Shingles & Windows (2019), Fully Fenced yard (2020), Separate AC Units (2020), Newer Appliance (2019). The basement has been waterproofed with a French drain system with transferable warranty (2020). These two units contain their own parking, separate laundry, separate heat controls, separate hydro meters and complete occupancy report from the City of Orillia is available (2020). Projected Gross Annual income $54,996, Projected Annual Expenses $ 6,711. Projected Net Annual Income of $48,285. This property yields an estimated cap rate of 7.4% at list price. See Documents tab for additional information. (id:41709)

Property Details

MLS® Number 40118175
Property Type Multi-family
Amenities Near By Beach, Hospital, Public Transit, Shopping
Communication Type High Speed Internet
Community Features Community Centre
Equipment Type None
Features Beach, Sump Pump
Rental Equipment Type None

Building

Bathroom Total 2
Bedrooms Total 3
Appliances Water Meter
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Construction Style Attachment Detached
Cooling Type Ductless
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Beach, Hospital, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description Res

Utilities

DSL* Available
Natural Gas Available

https://www.realtor.ca/real-estate/23238118/115-albert-street-s-orillia

Interested?

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Ross Harris
Salesperson

(705) 725-5824
(705) 722-5246
www.rossharris.ca
https://www.facebook.com/roscoha
https://www.linkedin.com/in/rossharrisrealestate1/
https://twitter.com/RossHarris6

RE/MAX Hallmark Chay Realty Brokerage
152 Bayfield Street, Unit 200
Barrie, Ontario L4M 3B5

(705) 722-7100
(705) 722-5246
www.remaxchay.com

Nikki Chartrand
Salesperson

(416) 737-2047
(705) 722-5246

RE/MAX Hallmark Chay Realty Brokerage
152 Bayfield Street, Unit 200
Barrie, Ontario L4M 3B5

(705) 722-7100
(705) 722-5246
www.remaxchay.com

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