32 MATCHEDASH STREET N, Orillia, Ontario, L3V4T5

Property Description

CASH FLOW FROM DAY 1: Here is your chance to add a Freehold, Mixed Use, Multiplex to your portfolio. Located just minutes from Orillia's Growing, Vibrant Waterfront, this well maintained, HANDS OFF INVESTMENT property with LOW ANNUAL EXPENSES, features FIVE INCOME PRODUCING UNITS with long term, stable tenants, making it the perfect addition or start to an investment portfolio. Unit Details - SUITE 101: Main Level Commercial unit, Tenanted by Salon - SUITE 102: Main Level Commercial Unit, Tenanted by Law Office - UNIT A: Second Level Residential Unit, 3 Bedrooms, 1 Bathroom - UNIT B: Lower Level Residential Unit, 2 Bedroom, 1 Bathroom, Tenanted by same Law Office - UNIT C: Lower Level Residential Unit, 1 Bedroom, 1 Bathroom - Possibility to subdivide a commercial unit into a 6th unit. Additionally, the property features a Newly Paved Parking Lot (2023) with 15 parking spaces, and over $100,000 worth of upgrades and updates since 2022, including a renovation in Suite 102, Unit B, and Unit C (2025). This property stands out from the rest with its strong tenant mix with long term, reliable occupants, future development options, ideal location just seconds from the waterfront, staple amenities and stores. This is a rare opportunity to purchase a cash flow positive investment early into the gentrification and growth of an established city. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 5
• Living Area: 6,700 sq ft (622.5 m²)
• Attached: Yes
• Parking: 15 spaces
• Frontage: 66 ft (20 m)

Costs

• Annual Taxes: $11,604.50

Listing Provided by: CREA DDF® Member Brokerage
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.