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380 Bayview Pkwy

Bayview Pkwy, Orillia, Orillia, ON, L3V 3Y2

-
Beds
-
Baths
2,880
Sq. Ft.
$1,450,000
List Price
Details
Photos
14
Comparables
History
380 Bayview Pkwy, Orillia, ON - 1 of 3
380 Bayview Pkwy, Orillia, ON - 2 of 3
380 Bayview Pkwy, Orillia, ON - 3 of 3
47 days on market

Quick Summary

  • Exceptional 5-plex with very low maintenance costs
  • Units beautifully renovated with new kitchens and bathrooms
  • Steel roof and vinyl siding for easy maintenance
  • Located across from lake minutes from downtown Orillia
  • Yields strong cash flow and excellent cap rate
  • Baseboard heating in bedrooms and A/C in living rooms
  • Separate hydro meters for all tenants
  • Zoned for commercial use with great future potential

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... Show More

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:54626)

Property Details

Size

2,880 sq. ft.
0 Beds
0 Baths

Heating & Cooling

Heating
Baseboard heaters
Cooling
Fully air conditioned

Utilities

Water
Municipal water
Sewer
-

Source

Listing Brokerage

MLS® Listing
S8172780
Last Updated
April 3, 2024
Brokerage
IPRO REALTY LTD.
Powered by: REALTOR.ca
Call us 800-591-0566

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