560 West Street
Orillia, L3V 5H6
FOR SALE
$2,000,000
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Investment
CATEGORY15,000 Sq Ft
TOTAL AREAS12338961
MLSIDContact Us
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.
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Property Details
Address
560 West Street
Community
City
Postal Code
L3V 5H6
Property Type
Investment, Investment
Use
Apartment
Zoning
C3
Lot Size
216' x 179'
Total Area
15,000 Sq Ft
Taxes
$29,990 (2024
Heat Type
Baseboard
Water
Municipal
Parking Spaces
25
Garage Type
None
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Listing contracted with Mysak Realty Inc.
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