** Why renovate an underperforming asset when you can save the hassle and hit the ground running with cashflow right away ** 6.8% cap ** Position yourself in the heart of Orillia-one of Ontario's fastest-growing & most consistently sought-after real estate markets. This fully legal, solid-brick fourplex offers immediate cash flow, long-term stability, and a level of quality rarely seen in income properties. With four beautifully updated one-bedroom units, this building blends historical charm with contemporary upgrades, appealing to discerning tenants & savvy investors alike. Meticulously renovated over the past four years, the property has undergone extensive capital improvements a new roof (2019), high-efficiency furnaces (2020), AC units for main floor apartments, new concrete walkways (2022), and fresh exterior enhancements such as new decks, upper-level siding, & a dedicated storage shed (2023). With no deferred maintenance, this is a truly turnkey asset. A recent fire & building inspection in January 2025 confirms full compliance with all municipal codes, ensuring peace of mind and regulatory clarity for any investor. Designed for long-term operational ease, the building includes five separate hydro meters, private entrances for each unit, shared basement laundry, and a newly paved four-carparking lot. These thoughtful upgrades enhance both tenant satisfaction & property management efficiency. The flexible zoning also allows for a variety of rental strategies, whether continuing with traditional long-term tenants or exploring mid-term furnished rental opportunities. Located just a short walk from Orillia's bustling downtown, tenants enjoy direct access to a wealth of amenities including restaurants, cafes, boutique shops, the public library, and Lakehead University. The nearby boardwalk and waterfront trails further enhance the area's appeal, contributing to strong and consistent rental demand. (id:51532)
