Address
416 Gill Street, Orillia, ON
Price
$ 1,199,000
Property Attributes
  • MLS#S13078240
  • TypeMulti-Family
  • Listing Status Price Change
  • CityOrillia
  • AreaOrillia
  • NeighbourhoodOrillia
  • Postal CodeL3V 4K6
  • StyleBungalow-Raised
  • Taxes$ 7785
  • Price$ 1,199,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3500-5000
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

The Perfect Fourplex doesn't come around very often....Until Today!! 416 Gill Street is a purpose built, all brick fourplex with four 2 Bedroom , 1 Bath apartments, all the same, approximately 860 sqft each. The property is fully tenanted with four fantastic tenants. Property provides 8 parking spaces for your tenants. The updated apartments are in fantastic condition, three with newer kitchens. All units have separately metered forced air gas furnaces, separate hydro meters and a large in unit storage closet. Sound proofing added between upper and lower apartments for peaceful living. New 25 Year Architectural Shingles in 2014 and all new windows in 2017/18. On-site Coin Laundry for tenant convenience, two washers and two gas dryers, all owned. All units also have full size appliances. New back up generator installed in 2025 that powers part of the building including hot water. Very large lot for your tenants to enjoy the yard, but could also be large enough to add additional dwelling units on property (check with City of Orillia Planning). There is lots of upside on tenant turnovers as well. A great addition to your multi-unit investment portfolio or perfect hassle free investment to get started on your Landlord journey.

Price History
5/4/2026 Listed $1,250,000
7/30/2026 5$1,199,000

General Features

Sewer Sewer
Cooling None
Roof Asphalt Shingle
Architectural Style Bungalow-Raised
Pool Features None
Construction Materials Brick
Heater Type Forced Air
Parking Spaces 8
Property Subtype Fourplex
Tax Year 2025
Lot Depth 197.35
County Simcoe
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction East
Garage Y/N No
Status Price Change
City Orillia
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 7785.0
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 8 E/S GILL ST PL 432 ORILLIA PT 1,51R11751; ORILLIA

Interior Features

Interior Amenities Separate Heating Controls,Generator - Partial
Basement Apartment
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 8
Elevator? No
Total Baths 4
Bedrooms 8
Living Area Range 3500-5000

Exterior Features

Parking Features Private
Total Parking 8.0
Garage Type None
Foundation Details Concrete
Spa No
Lot Size Source MPAC
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3V 4K6

Price
AVG $1.2M
$1.2M
Taxes
AVG $7,785
$7,785
Visits
AVG 19
17
Data Provided by Inside Real Estate®