66 Nottawasaga ST Active Save Request In-Person Tour Request Virtual Tour
Orillia,ON L3V 3J4
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Orillia
MLS Listing ID S12347193
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,353
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Why renovate an underperforming asset when you can step into a proven performer? This fully legal, solid-brick fourplex delivers 6.8% CAP, immediate cashflow, and long-term stability in the heart of Orillia one of Ontario's fastest-growing and most consistently sought-after real estate markets. With ZERO vacancy history and tenants who love the quality finishes, leasing is effortless. Over $100,000 has been invested in upgrades to ensure this is a truly turn-key asset: new concrete collar (2022), freshly paved asphalt parking (2023), main-floor AC units (2023), A new roof (2019), high-efficiency furnaces (2020), new decks (both front and back), upper-level siding (2022), new storage shed (2022), attic insulation (2020), roof & eaves heating lines to prevent icicles (2021) and all systems brought up to code. A recent fire & building inspection (Jan 2025) confirm full compliance offering peace of mind for any investor. The property features four updated one-bedroom units with private entrances, five separate hydro meters, shared basement laundry, and a four-car parking lot. Tenants appreciate the thoughtful design and modern finishes, ensuring strong retention and consistent returns. Located within walking distance of downtown Orillia's restaurants, shops, library, Lakehead University, waterfront trails, and boardwalk, this location continues to drive enduring tenant demand. A rare chance to own a meticulously upgraded, fully compliant, and consistently occupied fourplex that delivers dependable income from day one.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Kitchen 4
Interior
Cooling Wall Unit(s)
Exterior
Exterior Feature Deck,Patio,Landscaped,Porch
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete