ON
Orillia
L3V3Y2
380 Bayview Parkway
380 Bayview Parkway, Orillia, ON L3V3Y2
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Listing Type
Multi Family
Listing Status
Active
34
$999,999

Home Details for 380 Bayview Parkway

Price
$999,999
Type
Residential Income
Bedrooms
9
Bathrooms
5.0
Square feet
NaN
Parking
Days on site
12
Listing #
S12781426
Property Description

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. (id:31684)

Property Features
  • Cooling Information
    • Window Unit(s)
  • Heating Information
    • Baseboard
Listing Courtesy: RIGHT AT HOME REALTY, BROKERAGE
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Kate Hoekstra
License #: 5012081
Franchisee
Office
647 618 3158
Agent
647 618 3158
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