Active
380 BAYVIEW PKWY
Orillia Ontario, L3V3Y2
$1,450,000
Active
Residential
Courtesy of IPRO REALTY LTD.
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:41202)
S8172780
MLSⓇ ID
March 26, 2024
Listed
May 9, 2024
Updated
Map
380 BAYVIEW PKWY
Orillia Ontario, L3V3Y2
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Fully air conditioned
Heating
Yes
Heating Description
Baseboard heaters
Exterior/Building Features
Other Property Details
Garage
No
View
No
Pool
No
Courtesy of IPRO REALTY LTD., SALMAN ALAM,
Listing Contact: (647) 860-1223
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