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380 BAYVIEW PARKWAY
Orillia Ontario L3V3Y2 Canada

$1,450,000

Active Listing ID S8172780
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2,880 square feet
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Multi-family

$1,450,000

Active Listing ID S8172780
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380 BAYVIEW PARKWAY 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Fully air conditioned
  • Heating Systems: Baseboard heaters
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 10/16/2024 4:30:47 PM GMT
Source Updated Date: 11/27/2024 12:08:05 AM GMT

Courtesy of: SALMAN ALAM, Salesperson, IPRO REALTY LTD.