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$1,649,900

Est. payment - /mo

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4 BD

5 BA

2,583 SqFt

Active

214 Mississaga Street W Orillia, ON L3V 3B5

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Diana Winger

dwinger@dianawinger.com +1(226) 705-3369

UPDATED:

09/26/2024 04:21 PM

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

Parking Type Asphalt

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

Listed by Royal LePage Quest Brokerage, Orillia (Unit B)

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Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

Diana Winger

214 Mississaga Street W Orillia, ON L3V 3B5

Diana Winger

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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214 Mississaga Street W