416 Gill Street, Orillia, ON L3V 4K6
Orillia · Near Highway 12 and Gill · View map
About this home
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.
The home
- Type
- Raised bungalow
- Style
- Bungalow-Raised
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 8
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 16
- Basement
- Apartment
- Lot size
- 74.8 x 197.4 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 8
- Total parking
- 8
- Parking features
- Private
Taxes & other
- Property taxes
- $7,785/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Highway 12 and Gill
- Neighbourhood
- Orillia
More
- Price per sq ft
- ~$271 (at 4,250 sq ft)
- Listed
- May 4, 2026 · 162 days ago
- MLS® number
- S13078240
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The home and its surroundings
- Separate Heating Controls
- Generator - Partial
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 416 Gill Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 416 Gill Street
Answers come straight from this home’s MLS® listing.
How much is 416 Gill Street listed for, and what would it cost each month?
416 Gill Street is listed for $1,150,000. With 20% down ($230,000), the mortgage payment would be roughly $4,639 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,288 a month, all in. That figure is an illustration, not a quote.
Is 416 Gill Street freehold or a condo, and is there a monthly fee?
416 Gill Street is a raised bungalow in Orillia. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 416 Gill Street have?
416 Gill Street has 8 bedrooms and 4 bathrooms. The listing gives the style as bungalow-raised.
Does 416 Gill Street have a garage and parking?
The listing does not show a garage. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
Does 416 Gill Street have a finished basement?
The listing describes the basement as apartment. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 416 Gill Street?
416 Gill Street is a raised bungalow. A raised bungalow has its main floor set about half a level above the ground, so the basement has bigger windows and more light than in a regular bungalow.
How big is 416 Gill Street, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 74.8 x 197.4 ft.
How is 416 Gill Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 416 Gill Street?
Property taxes are $7,785 a year (2025), or about $649 a month.
Where is 416 Gill Street?
416 Gill Street is in Orillia. The nearest main intersection is Highway 12 and Gill. The postal code is L3V 4K6.
How long has 416 Gill Street been on the market?
416 Gill Street was listed on May 4, 2026. It has been on the market for 162 days. It is an active listing (MLS® S13078240). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 416 Gill Street asking?
Similar bungalow-style homes for sale nearby right now include 247 Diana Drive at $865,000 (3+2 bed), 22 Olive Crescent at $1,179,000 (5+2 bed) and 45 Ivy Lane at $998,000 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 416 Gill Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 416 Gill Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Orillia, picked by style, size and price.
Raised bungalow$865,000247 Diana Drive, Orillia3+2 bed · 4 bath · OrilliaCourtesy of: RE/MAX HALLMARK PEGGY HILL GROUP REALTYView home →
Sidesplit$1,179,00022 Olive Crescent, Orillia5+2 bed · 4 bath · OrilliaCourtesy of: RE/MAX HALLMARK PEGGY HILL GROUP REALTYView home →
Bungalow$998,00045 Ivy Lane, Orillia5 bed · 5 bath · OrilliaCourtesy of: SOTHEBY'S INTERNATIONAL REALTY CANADAView home →Courtesy of: RE/MAX Jazz INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.