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S5873146
$1,400,000

8278 Highway 11 Rd (Hwy 11 S & Telford Line)

Price: $1,400,000

Status: Sale Pending 

MLS®#: S5873146

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$1,400,000
  • Tax: $4,228.3/Annual (2023)
  • Community:Ardtrea
  • City:Severn
  • Type:Commercial
  • Style:Investment
  • Size: 2 Sq Ft

Features:

  • HeatingOther
  • Sewer/Water SystemsSeptics, Well

Listing Contracted With: RE/MAX HALLMARK REALTY LTD., BROKERAGE

Description

Minutes To Downtown Orillia. 3 Bedroom House And 10 X Bachelor Units. Purposely Built As A Motel Business With Owners Residence, However Currently All 12 Residential Spaces Are Monthly Rentals, Long Term Tenants. Convenient Highway Access With Easy On/Off, With Overpass Steps Away. In Area Of Residential And Commercial Mix. On-Site Laundry Area, Most Units With Back Doors To Access Their Private Patios, Low Maintenance & Recently Renovated Contract W/ Uhaul On Site

Highlights

Boasts A New Roof, Waterproofing, Boiler System, Sump Pump, New Radiators, Most Bachelor Units Renovated W/ Vinyl Flooring. Main House Being Renovated, Basement Apartment Renovated, New Laundry Machine, Cap Rate Of Approx 7%.

Want to learn more about 8278 Highway 11 Rd (Hwy 11 S & Telford Line)?

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Wafa Masri Jalila Freve

Sales Representatives

RE/MAX Hallmark Realty Ltd., Brokerage

We Sell Toronto

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