416 GILL STREET
Central Lakes · L3V4K6
$1,299,000
About this residence
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. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Fourplex
- Bedrooms
- 8 (8 above)
- Bathrooms
- 4
- Storeys
- 1
- Living area
- 3,500–5,000 sq ft
- Lot size
- 74.8 x 197.4 FT
- Frontage
- 74.9 feet
- Parking
- 8 spaces
- Annual tax
- $7,785
- MLS®
- S12555286
- Board
- Central Lakes
- Status
- Inactive
- Listed
- Nov 18, 2025
- Updated
- Dec 15, 2025
Features & finishes
Appliances
- Washer
- Refrigerator
- Dryer
- Stove
Heating
- Forced air
- Natural gas
Basement
- Apartment in basement
Exterior
- Brick
Foundation
- Concrete
Parking
- No Garage
Sewer & Utilities
- Sanitary sewer
Architecture
- Raised bungalow
Financing
Estimated monthly payment
$6,075/mo
Loan amount
$1,039,200
Down payment
$259,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · L3V- 48,651
- Population
- 48
- Median age
- $77,500
- Median income
- $600,000
- Median home value
- 70%
- Home ownership
- 24 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 416 GILL STREET?
416 GILL STREET is listed for $1,299,000, in Central Lakes.
How many bedrooms and bathrooms does 416 GILL STREET have?
It offers 8 bedrooms and 4 bathrooms.
What type of home is 416 GILL STREET?
416 GILL STREET is a Multi-family, Fourplex set over 1 storey.
How large is 416 GILL STREET?
The home offers approximately 3,500–5,000 sq ft of living space on a lot measuring 74.8 x 197.4 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $6,075. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,785 per year.
Is there parking?
Yes — 416 GILL STREET includes 8 parking spaces.
What is the Central Lakes area like?
Central Lakes has a population of about 48,651, a median age of 48, a 70% home-ownership rate, with an average commute of about 24 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $77,500.
Similar residences
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