380 Bayview Pkwy, Orillia
380 Bayview Pkwy, Orillia
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14 Photos
- Bedrooms: 1
- Bathrooms: 5
- Living area: 2880 square feet
- MLS®: s8172780
- Type: Townhouse
- Added: 33 days ago
Property Details
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.
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Property Information
- Cooling: Fully air conditioned
- Heating: Baseboard heaters
- Living Area: 2880
- Photos Count: 14
- Water Source: Municipal water
- Business Type: Residential
- Structure Type: Multi-Family
- Tax Annual Amount: 7787.92
- Lot Size Dimensions: 90 x 135 FT
- 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:1945)
Features
- Other: 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.
- Cooling: Air Conditioning
- Heating: Baseboard
- Sewer/Water Systems: Water Source: Municipal
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