44 Barrie Road

Welcome to the charming **Multi-Family Home for sale in Orillia **, located at 44 Barrie Road, Orillia. This well-maintained multiplex is nestled in the heart of the community, just a stone's throw away from local amenities, making it an ideal investment opportunity. With a building style that boasts a classic two-storey design, this property is perfect for those looking to embrace the vibrant lifestyle that Orillia has to offer.

As you approach the property at 44 Barrie Road, Orillia, you'll immediately notice its attractive exterior, featuring a combination of stucco (plaster) and vinyl siding that gives it a fresh and modern appearance. The building, which has stood the test of time for over 100 years, sits on a generous lot measuring 75 x 106 feet, providing ample outdoor space for tenants and potential future developments. Although there is no garage or dedicated driveway, the property offers parking space for up to six vehicles, ensuring convenience for residents and guests alike.

Inside this **Multi-Family Home for sale in Orillia**, you'll find a total of four kitchens, which is quite rare for a property of this nature. This feature allows for a unique living arrangement, catering to the needs of multiple families or groups. The home comprises four bedrooms and four bathrooms, providing plenty of space for comfortable living. Each apartment is tenant-occupied, so prospective buyers should note that showings require a notice period of 28 to 30 hours.

The layout of the apartments is designed to maximise space and functionality. Apartment #1 is rented at £731, while Apartment #2 brings in £1,350 plus hydro, Apartment #3 at £1,300 plus hydro, and Apartment #4 at £875, all inclusive. It's worth mentioning that two of the rents are currently below market value, presenting a fantastic opportunity for potential revenue growth over time. The property has seen recent improvements, including extensive electrical work that has passed ESA inspection, and two upper apartments have been beautifully renovated, ensuring they are attractive to prospective tenants.

The heating system is a forced air type, and while there is no air conditioning or central vacuum system, the property does benefit from municipal water and sewer services. The absence of a fireplace may seem like a drawback, but the property compensates with its spacious layout and the convenience of internet access for all tenants. The crawl space basement with a separate entrance adds an additional layer of practicality, although it does not provide extra features.

Another highlight of this **Multi-Family Home for sale in Orillia** is the metal roof, which promises durability and low maintenance for years to come. Additionally, there are two sheds on the property, providing extra storage space for tenants or the owner. The surrounding area is bustling with life, making it a desirable location for families and individuals alike.

In terms of expenses, the property has manageable costs, with taxes estimated at £4,553.75 for 2024, hydro at £2,527.83, water at £1,953.69, and Enbridge Gas at £3,467.94. Snow removal is estimated at £850, which is a reasonable expense for a property of this size.

To sum it up, this **Multi-Family Home for sale in Orillia** at 44 Barrie Road, Orillia, is a fantastic investment opportunity. With its prime location, well-maintained structure, and potential for increased rental income, it is sure to attract savvy investors looking to expand their portfolio. Don't miss your chance to own a piece of Orillia's vibrant community; contact us today to arrange a viewing!

Orillia, nestled in the heart of Ontario, Canada, is a picturesque city renowned for its stunning waterfront along Lake Couchiching and the nearby Lake Simcoe. This vibrant locale boasts a rich tapestry of natural beauty, with lush parks, scenic trails, and recreational opportunities that invite outdoor enthusiasts to explore year-round. The city's charming downtown area is alive with quaint shops, delightful cafés, and cultural attractions, fostering a sense of community spirit among its residents. With a welcoming atmosphere and a diverse array of events, Orillia is an ideal place for those seeking a blend of urban convenience and serene natural surroundings.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 2 km radius, you will find a range of public schools under the Simcoe County District School Board. Lions Oval Public School, just 1.0 km away, offers elementary education from JK to Grade 8 and has a commendable rating of 4.1. Harriett Todd Public School, located 1.3 km away, provides French-language instruction for grades 1 to 4, with a rating of 5. Regent Park Public School, also nearby, caters to grades 5 to 8 and shares a rating of 4.1. For secondary education, Orillia Secondary School is 1.5 km from the property, boasting a higher rating of 6.8, while Twin Lakes Secondary School is 1.7 km away with a rating of 4. Additionally, St. Bernard's Catholic School and Patrick Fogarty Catholic Secondary School, both part of the Simcoe Muskoka Catholic District School Board, offer alternative education options, although they currently have lower ratings. Overall, the area provides a variety of educational choices for children of all ages, enhancing the appeal of this property for potential buyers.