LISTED FOR SALE 151 Brant Street West Orillia, Ontario Andrew Bridgman Derek Keyes Jamie Sinclair Celina Nowak www.theteam.com (905) 634-9476
PROPERTY DETAILS Address: 151 Brant St W Orillia, L3V 3N8 This income property is a must see. A four-plex with positive cash flow running at a 6 Cap Rate. It is located in a mature cozy neighbourhood with great views of the lake from the top floor. It has been consistently tenanted because of its updated units and its proximity to local amenities. Updated electrical, plumbing, French (weeping) tile and loft in 2014/15. Don t miss out on this great investment property. Lot Size: Area: 12281.61 sq. ft. Perimeter: 449.48 ft. Measurements: 116.45ft. x 92.78ft. x 109.98ft. x 132.61ft. Frontage: 116.58 ft. Depth: 110 ft. The site is zoned HR Heritage Residential which allows up to four units confirmed by the City of Orillia Municipal Office. The site is irregular in shape with frontages on Brant and Cameron streets. The site has full municipal services improved with a brick, aluminum and vinyl sided 2.5 storey dwelling. The site has a gravel drive with parking for four vehicles with a covered front porch and rear wooden deck. Wooden stairs lead to the upper unit. The dwelling is set on a hill overlooking the City with the property sloping severely downward on the east side to Cameron Street and the south side to the adjoining property. Year Built (estimated): 1900-1920 Detached, 2.5 storey, Wood frame Floor Sizes Main: Second: Third: Total 1,150 sq. ft. 925 sq. ft. 800 sq. ft. 2,875 sq. ft. 11 Average sized bedrooms Flooring: Hardwood, ceramic, vinyl, laminate Basement Finishes, Utility: The basement consists of a laundry area, furnace room and a two bedroom unit which includes a kitchen, living room and four piece bath. Garages/Carports: Driveway parking for four cars The Team info@theteam.com www.theteam.com
ROOM SIZES Level Type Dimensions Main Unavailable due to tenant Total: 1,150 sq. ft. Second Living Room 10.5 x 15.4 Kitchen 11 x 9.5 Bedroom 1 10 x 9.7 Bedroom 2 9.3 x 9.25 Bedroom 3 11.7 x 10.5 Bedroom 4 11.4 x 9.9 Third Living Room 16.4 x 9.9 Kitchen 6 x 8.6 + 11.9 x 5.1 Bedroom 10.8 x 7.8 Basement Unavailable due to tenant *Room sizes approximate The Team info@theteam.com www.theteam.com
TEA M RENT ROLL Unit # Unit Type Bedrooms Current Rent Market Rent (+3%) 1 Residential 1 $1,100.00 $1,133.00 2 Residential 3 $1,350.00 $1,390.50 3 Residential 3 $1,350.00 $1,390.50 4 Residential 1 $ 867.00 $ 893.01 Monthly Total: $4667 $4807 Annual Total: $56,004 $57,684 The property is located on the south side of Brant Street, a Municipal owned road within close proximity to the central district of the City of Orillia. The mature neighborhood is comprised of a variety of residential dwellings as well as income properties. This central district offers favorable proximity to all major amenities, in particular, walking distance to schools, parks, shopping and Lake Simcoe. Properties are generally utilized as single family dwellings, however, the mixed area includes commercial, preserved heritage and multi-residential zonings. It is close to the best elementary school in the City and within minutes of downtown. The Team info@theteam.com www.theteam.com
PRO FORMA INCOME Current Rent* Rental Income $56,004 Laundry $1,200 TOTAL REVENUE $57,204 EXPENSES Taxes $4,010 Insurance $2,056 Hydro $4,776 Gas $3,106 Water $2,070 Seasonal Maintenance $1,200 Repairs & Maintenance (3%) $1,716 Property Management (6%) $3,360 Vacancy (2%) $1,120 TOTAL EXPENSES $23,414 NOI TOTAL EXPENSES $23,414 TOTAL REVENUE $57,204 Net Operating Income $33,790 Price: $563,000 Cap Rate: 6% *NOTE: Owner is working on offering the property vacant for buyer s benefit. The Team info@theteam.com www.theteam.com
DISCLAIMER The material contained in this Marketing Package is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of The Team or the Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Property Owner ( Owner ) in connection with the sale of the Property is The Team, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the Team. Neither The Team, nor Streetcity Inc. Brokerage, nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by The Team with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, The Team and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or Streetcity Inc. Brokerage, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any me with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and Streetcity Inc. Brokerage from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. The Team info@theteam.com www.theteam.com
About Streetcity Streetcity Inc. Brokerage is a new and exciting brokerage and we are pleased to be a part of the family. StreetCity Realty is a Canadian-owned, real estate brokerage with a consumer-first philosophy. Our unwavering goal is to provide an enhanced personal real estate experience for our clients and customers. A fresh face on the block, spirited and boundary breaking, we are StreetCity. With a service-focused approach to real estate, StreetCity Realty is a Canadian-owned, real estate brokerage infused with a strong sense of family values and a proven track record of success. Our unwavering goal is to provide an enhanced personal real estate experience for our clients and customers. - Mary Johnson, Vice President We aim to deliver more for our clientele through our consumer-first philosophy and hands-on approach. Our team of industry-leading REALTORS have years of experience and a passion for service. StreetCity Realty Inc., Brokerage: Quite Simply Making Real Estate Better. We invite you to experience the difference. The Team info@theteam.com www.theteam.com
A reputation built on professionalism & customer service We chose the word Opus because of its generally known definition, which is to create a work of music. We liked the artistic notion of the word, as well as the completion of starting something from nothing and ending up with a symphony of sorts. The truth is we chose Opus because of what the word means in Latin: WORK And that is at the core of our philosophy in working in real estate: we work hard to service our clients with their best interests in mind and for the best results. As a service team we are able to combine our efforts and focus to deliver this commitment. Andrew Bridgman Real Estate Sales Representative andrewbridgman@theteam.com 416-414-6836 Jamie Sinclair Real Estate Sales Representative jamiesinclair@theteam.com 289-962-2706 Derek Keyes Real Estate Sales Representative derekkeyes@theteam.com 416-303-9030 Celina Nowak Investor Relations celinanowak@theteam.com 519-410-6549 The Team info@theteam.com www.theteam.com