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
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.