19
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$2,000,000
Est. payment /mo
15,000 SqFt
New
560 West ST S Orillia, ON L3V 5H6
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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 S12285986
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 Hwy 11 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 Yes
Exterior
Utilities Available Yes
Lot Frontage 216.15
Lot Depth 178.6
Listed by MYSAK REALTY INC.