Price Reduction
Address
714-722 LINE 11 Line N Oro-Medonte, ON
Price
$ 1,000,000
Property Attributes
  • MLS#276296
  • TypeMulti-Family
  • CityOro-Medonte
  • Postal CodeL0L1T0
  • StyleAttached
  • Price$ 1,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Sotheby'S International Realty Canada, Brokerage, Port Carling - M260
Property Description

Great Investment opportunity. This property is ideally located between Barrie and Orillia and adjacent to East Oro Public School. Fully tenanted with leases in place, the property consists of 6 individual units over 3 separate buildings ---> 722 is a triplex, 718 is a duplex with garage and 714 is a mobile trailer. The duplex was completely rebuilt in 2017. The current owners have taken care of all major capital improvements since taking over the property several years ago and it is now in a fully cash positive position for a new owner to take over, with few expected capital expenditures. The property is being offered at a 5% cap rate and is not one to be missed. There is also a large garage on the property currently used by the owners for storage that could provide an additional source of income. Contact the Listing Sales Representatives for financial details, including a list of all capital improvements made. (id:27)

Price History
7/28/2020 Listed $1,100,000
9/3/2020 10% - $1,000,000

General Features

Amenities Nearby Ski area, Schools
Architectural Style Bungalow
Construction Style Attached
Features Double width or more driveway, Crushed stone driveway, Laundry- Coin operated
Garage yes
Listing Type Investment
Location Description From Orillia - Hwy 11 S to Line 14. Follow Sideroad 15 & 16 to Line 11 N
Parking yes
Parking Spaces 7
Property Type Multi-family
Sewer Septic System
Terms SALE
Wheel Chair Access no
Zoning R1

Interior Features

Basement Type None
Fireplace no
Heating Type Baseboard heaters

Exterior Features

Exterior Finish Vinyl siding
Lot Frontage 372.0
Parking Type Attached garage, Detached garage, Gravel, Other
Pool Y/N no

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L0L1T0

Price
AVG $1M
$1M
Visits
AVG 16
29

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