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About this home
66 Nottawasaga Street, Orillia
7.53% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full.
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Rooms
12 rooms · 4 bathrooms
- Bedroom 28′11″ × 10′10″97 sq.ft.
- Bedroom11′ × 10′8″117 sq.ft.
- Living room11′11″ × 10′8″127 sq.ft.
- Kitchen7′7″ × 7′10″59 sq.ft.
- Living room11′1″ × 10′10″120 sq.ft.
- Kitchen6′11″ × 7′10″54 sq.ft.
- Living room11′4″ × 11′4″128 sq.ft.
- Bedroom 411′4″ × 10′113 sq.ft.
- Kitchen8′ × 7′56 sq.ft.
- Kitchen6′2″ × 7′11″49 sq.ft.
- Bedroom 311′5″ × 12′5″142 sq.ft.
- Living room11′7″ × 13′11″161 sq.ft.
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