LOADING

380 Bayview Pkwy Orillia, Ontario L3V 3Y2

2880 sqft
Fully Air Conditioned Baseboard Heaters

$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:53086)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number S8172780
Property Type Multi-family
Community Name Orillia

Building

Cooling Type Fully Air Conditioned
Heating Type Baseboard Heaters
Size Interior 2880 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Irregular 90 X 135 Ft
Size Total Text 90 X 135 Ft

https://www.realtor.ca/real-estate/26667161/380-bayview-pkwy-orillia-orillia