FOR SALE
$699,000
4654 Mcneil, Ramara, ON, L3V 0M9
3
1
700-1100
About the Property
About the Property
Turnkey Residential income opportunity in the heart of downtown Orillia. This Brand new fully renovated never lived in Multi Use legal triplex is a rare offering for investors and Home Ownership seeking strong cash flow, low operating costs, and long-term appreciation. Each of the three self-contained units features 2 bedrooms, 1 living space, and a 3-piece bathroom, along with a separate laundry for each suite and all appliances inclusive (stove & fridge). Designed for tenant comfort and independence, every unit also benefits from separate gas and hydro meters, significantly reducing landlord expenses.
Adding to its appeal, includes Private parking space at rear of building -a highly desirable feature in a central downtown location. Projected rental income based on current market conditions is approximately $5,600/month ($67,200 annually), delivering a strong ~5.7%-6.0% cap rate depending on purchase price. This makes the property ideal for investors looking for immediate income with upside potential. Flexible ownership options allow you to rent all three units for maximum cash flow, or live in one unit while the others offset your mortgage, making it equally attractive for owner-investors.
Property Details
MLS#:
S13140550
Status:
For Sale
Property Type:
Detached
Central A/C:
No
Bedrooms:
6
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
Coldwater Rd & West Street N
Basement:
Walk-Up, Finished, Separate Entrance, Apartment
Turnkey Residential income opportunity in the heart of downtown Orillia. This Brand new fully renovated never lived in Multi Use legal triplex is a rare offering for investors and Home Ownership seeking strong cash flow, low operating costs, and long-term appreciation. Each of the three self-contained units features 2 bedrooms, 1 living space, and a 3-piece bathroom, along with a separate laundry for each suite and all appliances inclusive (stove & fridge). Designed for tenant comfort and independence, every unit also benefits from separate gas and hydro meters, significantly reducing landlord expenses.
Adding to its appeal, includes Private parking space at rear of building -a highly desirable feature in a central downtown location. Projected rental income based on current market conditions is approximately $5,600/month ($67,200 annually), delivering a strong ~5.7%-6.0% cap rate depending on purchase price. This makes the property ideal for investors looking for immediate income with upside potential. Flexible ownership options allow you to rent all three units for maximum cash flow, or live in one unit while the others offset your mortgage, making it equally attractive for owner-investors.
Property Details
MLS#:
S13140550
Status:
For Sale
Property Type:
Detached
Central A/C:
No
Bedrooms:
6
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
Coldwater Rd & West Street N
Basement:
Walk-Up, Finished, Separate Entrance, Apartment
Maintenance:
Exterior:
Stucco (Plaster)
Possession Date:
Maintenance:
Exterior:
Stucco (Plaster)
Possession Date: