8278 11 Highway,
Severn ON, L3V 6H3
Description
Check this one out! Could be the Investment Or Life Style choice you have been waiting for. Investment rental property Or perfect as a 'Live and work' location. Moments to downtown Orillia. Here you will find a 3 bedroom house and 10 X bachelor units. Purposely built as a motel business with owners residence, however currently all 11 residential spaces are monthly rentals, most with long term tenants. Convenient highway access with easy on / off, with overpass steps away. In area of residential and commercial mix. Recent improvements include: Boiler heat system 2015; septic system 2010; storage shed 2019; created an on-site laundry area; water softener system; most units with back doors to access their private patios; beginning interlocking brick patio 2020 for common use of all tenants. Low maintenance, all brick building with efficient utilities costs. Nice property with small creek at back. Excellent income property however current Income could easily be increased by raising the rents for each unit as current Tenants move out since current rents are lower than local market rates. Seller motivated, will consider all reasonable Offers.
Details
| MLS# | 40037174 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 87 |
Features
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Learn More About This Property
| Area Information | |
|---|---|
| Province | ON |
| County | Simcoe County |
| City | Severn |
| Postal Code | L3V 6H3 |
| Area | Severn - SE |
| Listing VS Median (in L3V 6H3) | |
Price: $999,000 low | high Med: $999,000 On Site: 87 low | high Med: 87 | |
MLS Number: 40037174Listing Provided By:
Erna Collins of Century 21 B.J. Roth Realty Ltd. Brokerage