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:47723)
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
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August 09 2022 03:42:02
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Century 21 B.j. Roth Realty Ltd., Brokerage, Orillia