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380 Bayview Parkway Orillia, Ontario L3V 3Y2

2880 sqft

Fully Air Conditioned Baseboard Heaters

$1,350,000

Looking for a turn key investment? Only 20 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring four 2-bedrooms units and 1 bachelor unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($92,400), resulting in an excellent cap rate. All units have all been beautifully 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, 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. Financials Attached. (id:43988)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	S11981384
Property Type	Multi-family
Community Name	Orillia
Amenities Near By	Highway, Public Transit

Building

Appliances	Range, Refrigerator, Stove
Cooling Type	Fully Air Conditioned
Heating Type	Baseboard Heaters
Size Interior	2880 Sqft
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	135 Ft
Size Frontage	90 Ft
Size Irregular	90 X 135 Ft
Size Total Text	90 X 135 Ft
Zoning Description	C41

Aerial

https://www.realtor.ca/real-estate/27936385/380-bayview-parkway-orillia-orillia

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Last Updated
February 20 2025 11:00:51

Data Provider
Toronto Real Estate Board

Listing Office
Ipro Realty Ltd.

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Domenic Gagliardi

Domenic is a very important part of The Johnston Team and is proud to offer a high level of service to each & every client. Domenic works hard to make every client “Feel as if they are apart of the family” and consistently goes above and beyond for his clients. With over 20 years of real estate investing experience, Domenic has extensive knowledge of the real estate market. Domenic Gagliardi has been an independent investor and property manager for over 20 years. At the age of 19, Domenic purchased his first rental property while still living at home with family. This decision was based upon an amazing opportunity to become a young Investor to ultimately secure a better future down the road. He uses his experience & knowledge to assist his clients whether they are buying their dream home or an investment property. His love for people & hard work shows in his commitment to each & every client.

Matthew Johnston

Matthew has learned from the best! With over 20 years of experience, Matthew has become a vital part in the success of The Johnston Team. He now holds his Broker’s license and has a passionate commitment to ongoing education of market trends and up-to-date market information. Matthew utilizes the advanced technology and marketing tools at Royal Lepage First Contact Realty and has catapulted the Johnston Team to the next level with interactive communication for both the client and the consumer. Matthew has extensive experience with condos in Barrie, with over 100 condo transactions in the last 2 years. He has sold and rented the most condos at Manhattan & Greenwich village condos in Barrie and works hard to get the results his clients want. Additionally, Matthew is experienced in real estate investing in Barrie and purchased his first investment property at the age of 18 years old – A four bedroom townhome 2 mins from Georgian College for $87,500 (Keep in mind this was 1996). Last year alone, Matthew helped his clients purchase 28 investment homes within the City of Barrie. Matthew prides himself of being able to assist clients with all their real estate needs!

Karen Johnston

Karen has enjoyed over 20 years as a real estate representative, this after a dozen years in the banking industry with the Royal Bank in Barrie. With time off to raise a family she then joined her husband Robert in his already successful real estate career, they went on to become one of the 1st husband & wife teams in Barrie and area. Karen enjoys every aspect of the real estate industry, especially customer care and the creative marketing of each and every one of their listed properties. Karen has completed the Canadian Staging course and Feng Shui course to help their clients homes stand out and show their best.

Robert Johnston

Robert started his career at A.E.Lepage in Toronto, back in the 70’s and has continued his life work in Real Estate. He has achieved Royal Lepage’s highest honours, the Life Time Achievement award and the prestigious Lifetime Chairman’s Club award. The Johnston Team are pleased to be an important part of Royal LePage First Contact Realty, a well-established and respected company in Barrie that strives to always be on the cutting edge of new and innovative marketing techniques, employing only the latest in technological advances. Robert was born and raised in Barrie and is a past member of the planning board of the City and is also an active member of The Rotary Club of Barrie for more than 25 years. Robert and Karen’s connectedness in the City shows their commitment to community involvement.