380 Bayview Parkway Orillia, Ontario L3V 3Y2
$1,450,000
Looking for a turn key investment? Only 19 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring 4 two bedrooms units and 1 bachelor unit, all with 1 kitchen and bathroom. Occupied with triple A tenants, this property yields very strong cash flow, resulting in an excellent cap rate. The units have all been beautifully renovated with commercial grade flooring, new kitchens and bathrooms. An easy building to maintain with a steel roof, vinyl siding, new breaker panels and separate hydro meters for all tenants. Baseboard heating in bedrooms & heat/air conditioner unit in the living rooms. Located right across the street from the lake, and conveniently located just minutes from Hwy 12 and downtown Orillia, this is an opportunity to buy and benefit from the revitalization of Orillia. Financials Attached. **** EXTRAS **** This Property is Also Zoned for Commercial Use, providing Great Future Potential. Conveniently Located Minutes to Lake Couchiching, Parks, Trails, Restaurants and So Much More. (id:50886)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | S8172780 |
| Property Type | Multi-family |
| Community Name | Orillia |
Building
| Appliances | Cooktop, Range, Refrigerator, Stove, Window Coverings |
| CoolingType | Fully Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 2880 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 135 Ft |
| SizeFrontage | 90 Ft |
| SizeIrregular | 90 X 135 Ft |
| SizeTotalText | 90 X 135 Ft |
| ZoningDescription | C41 |
https://www.realtor.ca/real-estate/26667161/380-bayview-parkway-orillia-orillia
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Salman Alam
Salesperson
55 City Centre Drive #503
Mississauga, Ontario L5B 1M3
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September 04 2024 02:12:22
Toronto Real Estate Board
Ipro Realty Ltd.