Description
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:374)
Details
| MLS # | S13078240 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 181 |
| Listing Provided By | RE/MAX Jazz INC. | GERRY KEENAN |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R2-11 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 8 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Electric | Generator |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7785 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V4K6 |
| Listing VS Median (in L3V4K6) | |
Price: $1,150,000 low | high Med: $1,150,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $329 low | high Med: $329 On site: 181 low | high Med: 181 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V4K6 |
| Listing VS Median (in L3V4K6) | |
Price: $1,150,000 low | high Med: $1,150,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $329 low | high Med: $329 On site: 181 low | high Med: 181 | |
