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$2,000,000
Est. payment /mo
15,000 SqFt
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 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
Zoning C3
Interior
Cooling Yes
Inclusions 19 Fridges, 19 Stoves, 1 Washer, 1 Dryer
Exterior
Utilities Available Yes
Lot Frontage 216.15
Lot Depth 178.6
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Listed by MYSAK REALTY INC.