714-722 Line 11 Line N

$1,000,000, .86 Acres 2 Garages

About This Property

Great Investment opportunity. This property is ideally located between Barrie and Orillia and adjacent to East Oro Public School. Fully tenanted with leases in place, the property consists of 6 individual units over 3 separate buildings ---> 722 is a triplex, 718 is a duplex with garage and 714 is a mobile trailer. The duplex was completely rebuilt in 2017. The current owners have taken care of all major capital improvements since taking over the property several years ago and it is now in a fully cash positive position for a new owner to take over, with few expected capital expenditures. The property is being offered at a 5% cap rate and is not one to be missed. There is also a large garage on the property currently used by the owners for storage that could provide an additional source of income. Contact the Listing Sales Representatives for financial details, including a list of all capital improvements made. (id:6289)

Essential Information

Listing #276296
Price$1,000,000
Acres0.86
TypeMulti-family
Sub-TypeFreehold
StyleBungalow

Community Information

Address714-722 Line 11 Line N
SubdivisionHawkestone
CityOro-medonte
ProvinceOntario
Postal CodeL0L1T0

Amenities

AmenitiesSki area, Schools
Parking Spaces7
# of Garages2

Features

Double width or more driveway, Crushed stone driveway, Laundry- Coin operated

Parking

Attached garage, Detached garage, Gravel, Other

Interior

HeatingBaseboard heaters
# of Stories1

Exterior

ExteriorVinyl siding

Listing Office

SOTHEBY'S INTERNATIONAL REALTY CANADA, BROKERAGE, PORT CARLING - M260

Get directions to this property:

Have a Question?

Contact Us

Follow Us