LOADING

714-722 Line 11 Line N Oro-Medonte, Ontario L0L 1T0

Bungalow Baseboard Heaters

$1,000,000

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:37659)

Property Details

MLS® Number 276296
Property Type Multi-family
Amenities Near By Ski Area, Schools
Equipment Type None
Features Double Width Or More Driveway, Crushed Stone Driveway, Laundry- Coin Operated
Parking Space Total 7
Rental Equipment Type None

Building

Age New Building
Architectural Style Bungalow
Basement Type None
Construction Style Attachment Attached
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Heating Type Baseboard Heaters
Stories Total 1
Utility Water Drilled Well, Well

Parking

Attached garage
Detached garage
Gravel
Other

Land

Access Type Road Access
Acreage No
Land Amenities Ski Area, Schools
Sewer Septic System
Size Frontage 372 Ft
Size Irregular 0.861
Size Total 0.861 Ac|1/2 - 1.99 Acres
Size Total Text 0.861 Ac|1/2 - 1.99 Acres
Zoning Description R1

https://www.realtor.ca/real-estate/22152225/714-722-line-11-line-n-oro-medonte