$1,450,000
FOR SALE

Investment

Lot: 90 x 135 ftTotal Area: 2,880 ft2
2024 Taxes: $7,787.92

380 Bayview Pkwy
Orillia, ON L3V 3Y2 | Simcoe

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.
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Listed By IPRO REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S8172780
Last Updated Mar 26, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
Legal Description Pt LT A PL 877, As PT 2 51R30916; Orillia
Occupancy Tenant
Possession Date Flexible
Taxes (2024) $7,787.92
Tax Type Annual
Directions/Cross Streets Atherly Rd & Hwy 12
Neighbourhood Orillia
Area Simcoe
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Lot 90 x 135 ft
Total Area 2,880 ft2
Approximate Age 16-30
Air Conditioning Y
Garage Type None
Heat Type Baseboard
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning C41
Seller Property Info Statement N

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