380 Bayview Parkway, Orillia | Image 1

380 Bayview Parkway

Orillia, Orillia

  • Commercial

$1,350,000
For Sale

Added 1 day 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®#: S11981384

  • Added: Feb 20, 2025 (1 day ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: IPRO REALTY LTD.

Looking for a turn key investment? Only 20 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring four 2-bedrooms units and 1 bachelor unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($92,400), resulting in an excellent cap rate. All units have all been beautifully 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, 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. Financials Attached.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 16-30

  • Net Income: 74747

  • 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

  • Expenses: Act

  • Operating Fees: 17653

  • Taxes Type: Annual

  • Tax Year: 2024

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

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Lot Code: Lot

  • Gross Income/Sales: 92400

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Somewhat Walkable

  • Some errands can be accomplished on foot.
66 /100

Very Bikeable

  • Most errands can be accomplished on bike.
75 /100
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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