380 Bayview Parkway Orillia, Ontario L3V 3Y2
$999,999
Looking for a turn key investment that was newly renovated just 2 years ago? This is an exceptional purpose built 5-plex with very low maintenance costs (only 22 years old), featuring four 2-bedrooms units and 1 studio unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($94,140), resulting in an excellent cap rate. All units were 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 (2023), 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. This property is zoned C4i, which offers a ton of potential uses for a savy investor. (id:61852)
Property Details
| MLS® Number | S12781426 |
| Property Type | Multi-family |
| Community Name | Orillia |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 10 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 8 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 9 |
| Age | 16 To 30 Years |
| Appliances | Hood Fan, Stove, Refrigerator |
| BasementType | None |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Slab, Concrete |
| HeatingFuel | Other |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 135 Ft |
| SizeFrontage | 90 Ft |
| SizeIrregular | 90 X 135 Ft |
| SizeTotalText | 90 X 135 Ft |
| ZoningDescription | C41 |
https://www.realtor.ca/real-estate/29352210/380-bayview-parkway-orillia-orillia
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Salman Alam
Salesperson
5111 New Street, Suite 106
Burlington, Ontario L7L 1V2
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February 12 2026 10:11:06
Toronto Real Estate Board
Right At Home Realty, Brokerage