$999,000

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 TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site43

Features

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Area Information
ProvinceON
CountySimcoe County
CitySevern
Postal CodeL3V 6H3
AreaSevern - SE
Listing VS Median (in L3V 6H3)
Price:
$999,000
low | high
Med:
$399,900
100% of Average
On Site:
43
low | high
Med:
46
93.478260869565% of Average
Listing Updated: December 4, 2020 8:00:38 PM PST
Erna Collins LogoMLS Number: 40037174
Listing Provided By:
Erna Collins  of  Century 21 B.J. Roth Realty Ltd. Brokerage
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