$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. (id:61594)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | S12285986 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Appliances | Dryer, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Baseboard Heaters |
| Size Interior | 15,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 178 Ft ,7 In |
| Size Frontage | 216 Ft ,1 In |
| Size Irregular | 216.15 X 178.6 Ft |
| Size Total Text | 216.15 X 178.6 Ft |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/28607590/560-west-street-s-orillia-orillia
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