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Maria Tompson
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Your Company Name, Brokerage
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$1,128,900
Available - For Sale
Listing ID: S12190211
6.5% cap rate! Position yourself in the heart of Orillia-one of Ontario's fastest-growing & most consistently sought-after real estate markets. This fully legal, solid-brick fourplex offers immediate cash flow, long-term stability, and a level of quality rarely seen in income properties. With four beautifully updated one-bedroom units, this building blends historical charm with contemporary upgrades, appealing to discerning tenants & savvy investors alike. Meticulously renovated over the past four years, the property has undergone extensive capital improvements a new roof (2019), high-efficiency furnaces (2020), AC units for main floor apartments, new concrete walkways (2022), and fresh exterior enhancements such as new decks, upper-level siding, & a dedicated storage shed (2023). With no deferred maintenance, this is a truly turnkey asset. A recent fire & building inspection in January 2025 confirms full compliance with all municipal codes, ensuring peace of mind and regulatory clarity for any investor. Designed for long-term operational ease, the building includes five separate hydrometers, private entrances for each unit, shared basement laundry, and a newly paved four-carparking lot. These thoughtful upgrades enhance both tenant satisfaction & property management efficiency. The flexible zoning also allows for a variety of rental strategies, whether continuing with traditional long-term tenants or exploring mid-term furnished rental opportunities. Located just a short walk from Orillia's bustling downtown, tenants enjoy direct access to a wealth of amenities including restaurants, cafés, boutique shops, the public library, and Lakehead University. The nearby boardwalk and waterfront trails further enhance the area's appeal, contributing to strong and consistent rental demand. If you're looking to expand your real estate portfolio with a high-performing, low-maintenance asset this 4plex presents a unique opportunity to secure proven income in a thriving area.
Price $1,128,900
Taxes: $4,353.87
Assessment Year: 2024
Occupancy by: Partial
Address: 66 Nottawasaga Stre , Orillia, L3V 3J4, Simcoe
Directions/Cross Streets: Albert St N & Nottawasaga St
Rooms: 12
Bedrooms: 4
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Unfinished
Full
No. of Pieces Level
Washroom 1:  3 Second
Washroom 2:  3 Main
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Second
Washroom 7:  3 Main
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  3 Second
Washroom 12:  3 Main
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 1500-2000
Property Features: Arts Centre
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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Keller Williams Co-Elevation Realty, Brokerage

66 Nottawasaga Stre , Orillia, L3V 3J4, Simcoe

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Maria Tompson
Sales Representative
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416-548-7854
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416-981-7184

 
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Type: Freehold - Fourplex
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style: 2-Storey
Lot Size: x 130.00(Feet)
Approximate Age:
Tax: $4,353.87
Maintenance Fee: $0
Beds: 4
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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