416 GILL STREET, Orillia, Ontario, L3V4K6

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. (id:64974)

Quick Facts

• Property Type: Fourplex
• Style: Raised bungalow
• Bedrooms: 8 (8 above)
• Bathrooms: 4
• Attached: Yes
• Parking: 8 spaces (No Garage)
• Frontage: 75 ft (22.8 m)

Costs

• Annual Taxes: $7,785.00 (2025)

Listing Provided by: RE/MAX JAZZ INC.
Board: Central Lakes Association of REALTORS®
Data provided via CREA DDF®.