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$ 1,649,900
Est. payment /mo
Active
214 Mississaga ST W Orillia, ON L3V 3B5
4 Beds
5 Baths
UPDATED:
01/21/2025 05:37 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Orillia
MLS Listing ID S11933339
Style 2-Storey
Bedrooms 4
Annual Tax Amount $6,420
Tax Year 2024
Property Description
Are you an investor? Looking for an investment where the numbers finally work? 1) Presenting an exquisite 5-plex investment property where you have the opportunity to set your own rents, fully reimagined with meticulous attention to detail. This property boasts four legally recognized units, with the front of the house being gutted to the studs and rebuilt new, and the back half is newly built to the highest standards, with luxurious finishes. 2) Step into each unit and be welcomed by stunning kitchens, outfitted with top-of-the-line stainless steel appliances and stylish cabinetry. The renovations extend to every aspect of the units, including individual air conditioning units, in-suite washers and dryers, and elegantly appointed bathrooms with towel warmers. And Triple-glazed front windows ensure quiet interiors, even with the property's prime location. 3) This property is approved for short-term rental and meets all requirements, fully compliant with the City of Orillia regulations. Units 1, 2, 3, and 4 are being offered fully furnished, and the property features a new metal roof, new upgraded flooring, new floor joists, new electrical, new plumbing, spray foam insulation, a high-end security camera system, and a sprinkler system, ensuring peace of mind and energy efficiency. 4) The property's separately metered 200-amp service allows for precise control over heating and hydro, facilitated by an energy-efficient on-demand hot water boiler with durable aluminum radiators for longevity. State-of-the-art access control technology enables remote management, making ownership effortless. 5) Situated in the heart of the city, directly across from the hospital, this property benefits from HC2 zoning, permitting a wide range of uses and offering excellent potential for future development. This 5-plex is more than just a place to live - it's an exceptional investment opportunity where every detail has been crafted to offer both luxury and practicality.
Location
State ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room Yes
Basement Other
Kitchen 5
Interior
Interior Features Water Heater Owned
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Lawn Sprinkler System, Privacy, Year Round Living, Patio, Porch
Parking Features Available, Private
Garage Spaces 8.0
Pool None
View City, Downtown, Trees/Woods
Roof Type Metal
Topography Flat,Sloping
Lot Frontage 66.0
Lot Depth 165.0
Total Parking Spaces 8
Building
Foundation Poured Concrete
Listed by Royal LePage Quest