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:4069)
Address
32 MATCHEDASH STREET N
List Price
$1,750,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Orillia
Bathrooms
5
Floor Area
6,700 Sq. Ft.
Lot Size
65.44 x 100.02 FT Sq. Ft.
MLS® Number
S12627936
Listing Brokerage
RIGHT AT HOME REALTY, BROKERAGE
| RIGHT AT HOME REALTY
Postal Code
L3V4T5
Zoning
C1
Site Influences
Highway, Public Transit
