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112 Albert Street (Triplex) Orillia, Ontario

Fireplace Forced Air, Baseboard Heaters Acreage

$296,800

Orillia TriPlex – $296,800 – Steady Income Opportunity.

VTB possible to help with downpayment and quick close.
Residential & Commercial; lots of extras.

Contact Michael J Preston, Broker of Record 705-309-1747

Is it possible you know someone in the Orillia that would appreciate an in-town office shop with income to cover overhead? The property offers very good value for any tradesperson.The dojo pays $1000.00 a month plus all heat for the property which is Natural gas, a fireplace and a high efficiency forced air system on natural gas.

There is one bedroom apartment at the back of the lower level with a full walkout basement that pays $ 750 a month plus all electric bills for the property. Below the dojo is a two bedroom unit that the dojo has use privileges and use a part of for change rooms.

The owner rents one of the bedrooms below the dojo to one of the Judo people for $ 450.00 a month all inclusive. The Dojo gets the privilege and use of the shower and washroom, office and 2nd bedroom for a change room and there is a kitchenette with fridge for cold and hot drinks etc.

The owner uses the 900 sq ft shop at the back fo the property for himself. Present total net income is $ 2200.00 a month. Value of shop approx. $ 800.00 all inclusive for total possible income of 3000.00 a month.

Tenants wish to stay. The bonus is the property is treated as residential by the city with a commercial use. So no zoning issue and the bank will treat as residential for mortgage purposes.

Property Details

MLS® Number RP9733120083
Amenities Near By Public Transit, Schools, Shopping, Park
Parking Space Total 10
Property Type Multi-family
Total Buildings 1

Building

Fireplace Fuel Gas
Fireplace Present Yes
Fireplace Total 1
Heating Fuel Natural Gas
Heating Type Forced Air, Baseboard Heaters
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Access Type Road Access
Acreage Yes
Zoning Description Residential
Zoning Type Multi-family

Interested?

Contact us for more information


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Michael J Preston
Broker of Record

705-309-1747
705-325-3600
www.lakeviewrealty.ca

Lakeview Realty Inc., Brokerage
57 Matchedash Street South
Orillia, ON L3V 4T7

705-325-3600
705-309-1747
www.lakeveiwrealty.ca

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