14 Elgin Street

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$2,299,000

14 Elgin Street

Orillia · MLS® S13062022

5,242 sq ft · House · Multi-family · 177 days on market

listed by JOSEPH MORRIELLO, GRANGE HALL REALTY INC.

realtor's description

Great investment opportunity in Otilia! This well-maintained 12-unit property offers a strong income potential with a desirable unit mix of six 1-bedroom units and six bachelor suites. The building includes seven parking spaces, adding extra value and convenience for tenants. Ideally located close to downtown, public transit, shopping, and schools, this property is highly attractive to students and urban renters alike. A solid addition to any investment portfolio with consistent rental demand in a prime location. Clean Phase 1 report available.

property details

type: House, Multi-family
living area: 5,242 sq ft
parking: 7
property tax: $18,208 / yr
days on market: 177
MLS®: S13062022

features

Washer
Dryer

monthly cost

$11,534/mo

Mortgage $10,017 · Tax $1,517

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$10,017/ monthly

loan $1,839,200

25-year amortization

down payment20% · $459,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,165,757
cash to close: $459,800; down payment; transfer tax and fees not included
total paid: $3,004,957

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.