560 West Street, Orillia, ON L3V 5H6

Orillia L3V 5H6 Ontario

MLS: S12338961

$2,000,000

Added 18 days ago | For Sale

Listed by: MYSAK REALTY INC.

About Property

$105K/unit at a 7.8% cap rate on a massive 38,353 sq. ft. lot. Features include 25 on-site parking spots and shared laundry facilities. Built with Concrete/block construction with a pitched steel roof for long-term durability. Located steps from Lake Simcoe and just a 5-minute drive to Hwy11 and Costco. Strong upside on rent roll in a supply-constrained rental market. Legal non conforming building.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 216.15 X 178.6
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:West St S/Hwy 12
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $29990
  • Bedrooms:
  • Total Parking Spaces:25
  • Parking Places:25
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:S12338961

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