66 NOTTAWASAGA STREET, Orillia66 NOTTAWASAGA STREET, Orillia — photo 266 NOTTAWASAGA STREET, Orillia — photo 366 NOTTAWASAGA STREET, Orillia — photo 466 NOTTAWASAGA STREET, Orillia — photo 566 NOTTAWASAGA STREET, Orillia — photo 666 NOTTAWASAGA STREET, Orillia — photo 766 NOTTAWASAGA STREET, Orillia — photo 866 NOTTAWASAGA STREET, Orillia — photo 966 NOTTAWASAGA STREET, Orillia — photo 1066 NOTTAWASAGA STREET, Orillia — photo 1166 NOTTAWASAGA STREET, Orillia — photo 1266 NOTTAWASAGA STREET, Orillia — photo 1366 NOTTAWASAGA STREET, Orillia — photo 1466 NOTTAWASAGA STREET, Orillia — photo 1566 NOTTAWASAGA STREET, Orillia — photo 1666 NOTTAWASAGA STREET, Orillia — photo 1766 NOTTAWASAGA STREET, Orillia — photo 1866 NOTTAWASAGA STREET, Orillia — photo 1966 NOTTAWASAGA STREET, Orillia — photo 2066 NOTTAWASAGA STREET, Orillia — photo 21
1/21
Business For Sale · Multifamily

66 NOTTAWASAGA STREET, Orillia

66 NOTTAWASAGA STREET, Orillia, ON L3V3J4

$859,900 total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

83%

About this property

7.3% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$860K
Down payment30% · $258K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$34K

Annual cash flow

$-14K

Cash-on-cash

-5.37%

DSCR

0.71

Going-in cap

3.93%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

124,167

Households

43,500

Median income

$83,500

Median age

44.5

Daytime population

210,962

5-yr growth

1.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 66 NOTTAWASAGA STREET, Orillia.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.