380 Bayview Pkwy Active Save Request In-Person Tour Request Virtual Tour
Orillia,ON L3V 3Y2
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $503
MLS Listing ID S8172780
Annual Tax Amount $7,787
Tax Year 2024
Property Description
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.
Location
Province ON
County Simcoe
Area Orillia
Interior
Cooling Yes
Exterior
Utilities Available Yes
Parking Type None