$589,000
For sale: Multiplex

4 PLEX in Orillia ready to rent to your tenants of choice and set to generate immediate income of estimated $7000 per month with excellent parking at front and rear (approximated 6-8 cars). Low maintenance building offers Unit #1- 3 Bedrooms and 1 bathroom ; Unit #2 - Bachelor with 1 bathroom ; Unit #3 - 4 Bedroom and 1 bathroom ; Unit #4 - 2 Bedrooms and 1 bath. Located steps to downtown, Tudhope park and the waterfront this is ideal for first-time investors looking to build equity in a town with strong demand. Home has two gas furnaces for heat, steel roof and vinyl windows. 10 Bedrooms and 4 baths in total.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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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