214 Mississaga Street W Active Save Request In-Person Tour Request Virtual Tour
Orillia,ON L3V 3B5
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,583 sqft
Price per Sqft $638
MLS Listing ID 40636246
Bedrooms 4
Abv Grd Liv Area 3,155
Originating Board The Lakelands
Annual Tax Amount $6,420
Property Description
Are you an investor? Looking for an investment where the numbers finally work? 1) Presenting an exquisite 5-plex investment property where you have the opportunity to set your own rents, fully reimagined with meticulous attention to detail. This property boasts four legally recognized units, with the front of the house being gutted to the studs and rebuilt new, and the back half is newly built to the highest standards, with luxurious finishes. 2) Step into each unit and be welcomed by stunning kitchens, outfitted with top-of-the-line stainless steel appliances and stylish cabinetry. The renovations extend to every aspect of the units, including individual air conditioning units, in-suite washers and dryers, and elegantly appointed bathrooms with towel warmers. And Triple-glazed front windows ensure quiet interiors, even with the property's prime location. 3) This property is a licensed short-term rental, fully compliant with the City of Orillia regulations, and the license is transferable to the new owner. Units 1, 2, 3, and 4 are being offered fully furnished, and the property features a new metal roof, new upgraded flooring, new floor joists, new electrical, new plumbing, spray foam insulation, a high-end security camera system, and a sprinkler system, ensuring peace of mind and energy efficiency. 4) The property’s separately metered 200-amp service allows for precise control over heating and hydro, facilitated by an energy-efficient on-demand hot water boiler with durable aluminum radiators for longevity. State-of-the-art access control technology enables remote management, making ownership effortless. 5) Situated in the heart of the city, directly across from the hospital, this property benefits from HC2 zoning, permitting a wide range of uses and offering excellent potential for future development. This 5-plex is more than just a place to live—it's an exceptional investment opportunity where every detail has been crafted to offer both luxury and practicality.
Location
Province ON
County Simcoe County
Area Orillia
Zoning HC-2
Direction Douglas St/Mississaga St W
Rooms
Other Rooms Barn(s)
Basement Walk-Out Access,Full,Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Upgraded Insulation
Heating Natural Gas
Cooling Wall Unit(s)
Fireplace No
Window Features Window Coverings
Appliance Instant Hot Water,Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Exterior Feature Privacy
Garage Asphalt
Fence Full
Waterfront No
Roof Type Metal
Porch Deck,Patio
Lot Frontage 66.0
Lot Depth 165.0
Garage No
Building
Lot Description Rectangular,City Lot,Hospital,Library,Public Transit,Schools,Shopping Nearby,Trails
Faces Douglas St/Mississaga St W
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 586490045
Ownership Freehold/None