19
See all 19 photos
$2,000,000
Est. payment /mo
15,000 SqFt
New
560 West ST Orillia, ON L3V 5H6
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $133
Subdivision Orillia
MLS Listing ID S12338961
Annual Tax Amount $29,990
Tax Year 2024
Property Sub-Type Investment
Property Description
$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.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 216.15
Lot Depth 178.6
Listed by MYSAK REALTY INC.