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$1,450,000
Available - For Sale
Listing ID: S8172780
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.
Price $1,450,000
Taxes: $7,787.92
Tax Type: Annual
Occupancy by: Tenant
Address: 380 Bayview Pkwy , Orillia, L3V 3Y2, Ontario
Postal Code: L3V 3Y2
Province/State: Ontario
Legal Description: Pt LT A PL 877, As PT 2 51R30916; Orilli
Lot Size: 90 x 135 (Feet)
Directions/Cross Streets: Atherly Rd & Hwy 12
Zoning: C41
Category: Apartment
Use: Apts-2 To 5 Units
Building Percentage: N
Total Area: 2,880
Total Area Code:  Sq Ft
Approximatly Age: 16-30
Heat Type: Baseboard
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
IPRO REALTY LTD.

380 Bayview Pkwy , Orillia, L3V 3Y2, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style:
Lot Size: 90.00 x 135.00(Feet)
Approximate Age: 16-30
Tax: $7,787.92
Maintenance Fee: $0
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