Address
66 Nottawasaga Street, Orillia, ON
Price
$ 859,900
Property Attributes
  • ID#S13797516
  • TypeCommercial
  • Listing Status New
  • CityOrillia
  • AreaOrillia
  • NeighbourhoodOrillia
  • Postal CodeL3V 3J4
  • StyleApts - 2 To 5 Units
  • Taxes$ 4686
  • Price$ 859,900
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1804
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

7.3% 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.

Price History
9/17/2026 Listed $859,900

General Features

Sewer Sanitary
Cooling Partial
Utilities Yes
Heater Type Gas Forced Air Closed
Parking Spaces 4
Expenses Actual
Property Subtype Investment
Tax Year 2026
Lot Depth 130.0
Business Type Apts - 2 To 5 Units
Community Features Public Transit,Recreation/Community Centre
County Simcoe
Net Operating Income 62466.0
Insurance Expense 2689.0
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Orillia
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 4686.99
Electric Expense 2115.0
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 4 N/S NOTTAWASAGA ST PL 137/180 ORILLIA AS IN RO948599 T/W RO948599; ORILLIA

Interior Features

Heat Source Gas
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 4
Elevator? No
Total Baths 2
Bedrooms 4

Exterior Features

Garage Type Outside/Surface
Spa No
Building Area Total 1804.0
Lot Size Source GeoWarehouse
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in L3V 3J4

Price
AVG $860K
$860K
Taxes
AVG $4,686
$4,686