Description

Price : $2,000,000.00 MLS^® : S12285986 / 560 West Street S, Orillia, ON L3V 5H6

$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 Hwy 11 and Costco. Strong upside on rent roll in a supply-constrained rental market. Legal non conforming building.

Location Description

West St S/Hwy 12

Property Details

• Community: Orillia
• Property Type: Tenant/Commercial
• Garages: None
• Annual Property Taxes : $ 29990

Building Features

• Parking Type : None

Features

• Heating : Baseboard

Land (Lot Features)

• Frontage: 216.15 sq.ft
• Land Depth: 178.6sq.ft

Listing Contracted With: MYSAK REALTY INC.