380 Bayview Parkway, Orillia | Image 1

380 Bayview Parkway

Orillia, Orillia

  • Commercial

$1,450,000
For Sale

Added 7 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: C41

  • Age: 16-30 years

  • Taxes: 7787.92

  • MLS®#: S8172780

  • Days on Site: 9 Days

  • Added: Mar 26, 2024 (7 months ago)

  • Updated:

  • Last Checked: 13 hours ago

  • Listed By: 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.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 16-30

  • Area: Orillia

  • Community: Orillia

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Baseboard

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: Pt LT A PL 877, As PT 2 51R30916; Orillia

  • Taxes: $7,788

  • Taxes Type: Annual

Land

  • Cross Street: Atherly Rd & Hwy 12

  • Municipality District: Orillia

  • Lot Depth: 135 Feet

  • Lot Frontage: 90 Feet

  • Zoning: C41

Commercial Specific

  • Total Area: 2880

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

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Map of 380 Bayview Parkway, Orillia
JK-8

St Bernard's Separate School

Elementary: Catholic
0.54 km
JK-8

Couchiching Heights Public School

Elementary: Public
3.54 km
JK-8

Monsignor Lee Separate School

Elementary: Catholic
2.73 km
JK-8

Harriett Todd Public School

Elementary: Public
3.28 km
JK-8

Lions Oval Public School

Elementary: Public
2.67 km
JK-8

Regent Park Public School

Elementary: Public
0.89 km
9-12

Orillia Campus

Secondary: Public
2.16 km
9-12

Gravenhurst High School

Secondary: Public
34.67 km
9-12

Sutton District High School

Secondary: Public
33.77 km
9-12

Patrick Fogarty Secondary School

Secondary: Catholic
3.91 km
9-12

Twin Lakes Secondary School

Secondary: Public
3.57 km
9-12

Orillia Secondary School

Secondary: Public
3.43 km
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