380 Bayview Parkway , Orillia, ON L3V 3Y2
Orillia, ON L3V 3Y2
Description
Looking for a turn key investment? Only 20 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring four 2-bedrooms units and 1 bachelor unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($92,400), resulting in an excellent cap rate. All units have all been beautifully renovated with commercial grade flooring (2023), new kitchens (2023) and bathrooms (2023). An easy building to maintain with a steel roof, vinyl siding, new breaker panels and separate hydro meters for all tenants, and low operating costs ($17,653). 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.
Details
| MLS# | S11981384 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 61 |
| Listing Provided By | IPRO REALTY LTD. | S11981384 158521 |
Features
| SQ Feet | 2,880 |
|---|---|
| Acreage | 0.07 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 3Y2 |
| Area | Orillia |
| Listing VS Median (In L3V 3Y2) | |
Price: $1,350,000 low | high Med: $1,350,000 SqFt: 2,880 low | high Med: 2,880 $ / SqFt: $469 low | high Med: $469 On site: 61 low | high Med: 61.000000 | |
