273 Moffat Street

Property Description

Triplex for sale in Orillia located in 273 Moffat Street , Ontario, L3V4E9, Canada. This Triplex have 5 bedrooms and 3 bathrooms. . For all the rest of the information we have about this property in Orillia , see above.

INVESTORS! Legal Triplex. 5.6% Cap Rate. Upside on rents when tenants turnover. Opportunity for additional income with the Workshop out back. Well cared for and shows pride of ownership. Central location, steps to the lake and the trail system, close to the highway and downtown. Large in-town lot 50 ft. x 200 ft. Parking for 4 cars in the triple wide driveway provides plenty of parking for the tenants. Each unit has its own private deck. Main floor 2 bedroom with laundry rents for $1, 700 inc., lower spacious and bright 1 bedroom unit with a gas fireplace and laundry rents for $1, 400, and upper 2 bedroom cozier unit rents for $1, 300 inc. Gross annual rents $52, 800. Annual taxes $3, 619 (2020). Monthly expenses approximately: Enbridge Gas $94 and Orillia Power $106. A creative investor will find a way to generate additional income here and maximize potential. A solid addition to your rental portfolio dont miss out on this hard to find triplex!