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$999,999
Available - For Sale
Listing ID: S12781372
Looking for a turn key investment that was newly renovated just 2 years ago? This is an exceptional purpose built 5-plex with very low maintenance costs (only 22 years old), featuring four 2-bedrooms units and 1 studio unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($94,140), resulting in an excellent cap rate. All units were 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 (2023), 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. This property is zoned C4i, which offers a ton of potential uses for a savy investor.
Price $999,999
Taxes: $8,087.86
Tax Type: Annual
Occupancy by: Tenant
Address: 380 Bayview Parkway , Orillia, L3V 3Y2, Simcoe
Postal Code: L3V 3Y2
Province/State: Simcoe
Legal Description: Pt LT A PL 877, As PT 2 51R30916; Orilli
Directions/Cross Streets: Atherley Rd & Hwy 12
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: F
Total Area: 2,880
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Approximatly Age: 16-30
Maintenance: 0
Expenses Actual/Estimated: $Act
Heat Type: Baseboard
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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RIGHT AT HOME REALTY

380 Bayview Parkway , Orillia, L3V 3Y2, Simcoe

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Investment
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style:
Lot Size: x 135.00(Feet)
Approximate Age: 16-30
Tax: $8,087.86
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908