$759,900
For sale: Multiplex

Well built three unit investment property offering a great opportunity for investors or owner occupiers. Constructed with ICF, the building features an insulated attached garage and is conveniently located close to the hospital and other amenities. The lower 2 bedroom unit is currently rented for $1,650/month, while the main floor unit rents for $1,800/month, both with great tenants in place. The upper 3 bedroom unit is currently vacant, providing flexibility to set your own rent or occupy the unit yourself. A solid income producing property with established rental income and additional upside from the vacant unit.
Sold data
Multiplex homes in Orillia took a median of 31 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 54, across 40 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $616,950.
Homes sold for about 4.7% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 40 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
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