416 Gill ST new Save Request In-Person Tour Request Virtual Tour
Orillia,ON L3V 4K6
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Orillia
MLS Listing ID S12555286
Style Bungalow-Raised
Bedrooms 8
Annual Tax Amount $7,785
Tax Year 2025
Property Sub-Type Fourplex
Property Description
The Perfect Fourplex doesn't come around very often....Until Today!! 416 Gill Street is a purpose built, all brick fourplex with four 2 Bedroom , 1 Bath apartments, all the same, approximately 860 sqft each. The property is fully tenanted with four fantastic tenants. Property provides 8 parking spaces for your tenants. The updated apartments are in fantastic condition, three with newer kitchens. All units have separately metered forced air gas furnaces, separate hydro meters and a large in unit storage closet. Sound proofing added between upper and lower apartments for peaceful living. New 25 Year Architectural Shingles in 2014 and all new windows in 2017/18. On-site Coin Laundry for tenant convenience, two washers and two gas dryers, all owned. All units also have full size appliances. New back up generator installed in 2025 that powers part of the building including hot water. Very large lot for your tenants to enjoy the yard, but could also be large enough to add additional dwelling units on property (check with City of Orillia Planning). There is lots of upside on tenant turnovers as well. A great addition to your multi-unit investment portfolio or perfect hassle free investment to get started on your Landlord journey.
Location
State ON
County Simcoe
Community Orillia
Area Simcoe
Rooms
Family Room No
Basement Apartment
Kitchen 4
Interior
Interior Features Separate Heating Controls,Generator - Partial
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 74.8
Lot Depth 197.35
Total Parking Spaces 8
Building
Foundation Concrete
Others
ParcelsYN No
Virtual Tour https://youtu.be/0iSuuqYYEGc