For Sale
72 First St
72 First Street, Orangeville, ON L9W2E4, Canada
$12,500,000
72 First Street, Orangeville, ON L9W2E4, Canada
Leaf & Palm Realty Corp. is pleased to present 72 First Street, a 34-unit multifamily investment opportunity located in Orangeville, Ontario, the seat of Dufferin County. The property is configured as a mix of bachelor, one- and two-bedroom suites (23 two-bedroom, 10 one-bedroom, 1 bachelor) and is fully occupied with long-standing tenants. The Vendor has undertaken a capital improvement program in recent years — including a new roof, front entrance upgrades, a new furnace, new boilers, and in-suite upgrades — supporting a stabilized net operating income of $567,908 on total revenue of $744,726, a 76.26% NOI margin.
Address | 72 First Street, Orangeville, ON |
Legal Description | PT LT 6, PL 275, AS IN MF150936; S/T MF34816 ORANGEVILLE |
Units | 34 (23 x 2 Bedroom, 10 x 1 Bedroom, 1 Bachelor) |
Frontage | 132.00 ft |
Building Style | Three-storey walk-up |
Perimeter | 918.64 ft |
Lot Size | 43,346.23 sf / 0.995 acre |
Zoning | RM2 |
Parking | Surface parking |
Measurements | 327.58 x 132.69 x 327.11 x 133.58 ft |
Building & Unit Features
New roof installed as part of a recent capital improvement program
Front entrance upgraded; new furnace and new boilers installed
In-suite upgrades completed across a number of units
Presently fully occupied, with long-standing tenants
On-site laundry facility and secure mailroom/lobby entrance
23 two-bedroom (68%), 10 one-bedroom (29%) and 1 bachelor (3%) suites
Surface parking on a 0.995-acre, RM2-zoned lot
132 ft of frontage; three-storey walk-up building style
Lot measures approx. 327.58 x 132.69 x 327.11 x 133.58 ft (per MPAC)
0.995 Acres lot
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