320 Laclie Street, Orillia ON L3V 4P1

Description

Investment opportunity in the heart of Orillia! This 9-plex was a motel conversion in 2016 and subsequently has all new electrical, plumbing, insulation, drywall, doors, trim, roof and fire/smoke as of 2016/2017. All inspections were passed by the City of Orillia. This property also features a public coin laundry that has further potential for more income. You can fit 4 washers and dryers without any renovations and could ask $3+/cycle. Currently only 2 washers and dryers set at $2/cycle. Current coin laundry monthly income is $400/mo. The fenced area behind the building, accessible from North St, is part of the lot and currently used as common green space. In floor radiant heat (Navien system) makes this property extremely efficient and inexpensive to maintain. One of the top features here is how affordable the monthly utilities are. Parking for each unit is included as well as 4 visitor parking spots in addition to. Come see this one in person.