380 Bayview Parkway, Orillia
Property Overview - Multi-Family For sale
| Price | $ 1 450 000 | On the Market | 9 days |
|---|---|---|---|
| MLS® # | S8172780 | Type | Multi-Family |
| Bedrooms | Bed | Bathrooms | Bath |
| Postal Code | L3V3Y2 | ||
| Street | Bayview | Town/Area | Orillia |
| Property Size | 90 x 135 FT | Building Size | 268 ft2 |
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:60084)| Size Total | 90 x 135 FT |
|---|---|
| Size Frontage | 90 |
| Size Depth | 135 ft |
| Lot size | 90 x 135 FT |
| Zoning Description | C41 |
Building Details
| Type | Multi-Family |
|---|---|
| Property Type | Multi-family |
| Cooling Type | Fully air conditioned |
| Heating Type | Baseboard heaters |
| Size Interior | 268 ft2 |
| Utility Water | Municipal water |
This listing of a Multi-family property For sale is courtesy of SALMAN ALAM from IPRO REALTY LTD.