380 Bayview Parkway Orillia, Ontario L3V 3Y2
$999,999
Looking for a turn key investment that was newly renovated just 2 years ago? This is an exceptional purpose built 5-plex with very low maintenance costs (only 22 years old), featuring four 2-bedrooms units and 1 studio unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($94,140), resulting in an excellent cap rate. All units were 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 (2023), 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. This property is zoned C4i, which offers a ton of potential uses for a savy investor. Email for financials & link to more pictures and details. (id:63244)
Property Details
| MLS® Number | S12781426 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Equipment Type | Water Heater |
| Parking Space Total | 10 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 9 |
| Age | 16 To 30 Years |
| Appliances | Hood Fan, Stove, Refrigerator |
| Basement Type | None |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Slab, Concrete |
| Heating Fuel | Other |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 2500 - 3000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 135 Ft |
| Size Frontage | 90 Ft |
| Size Irregular | 90 X 135 Ft |
| Size Total Text | 90 X 135 Ft |
| Zoning Description | C41 |
https://www.realtor.ca/real-estate/29352210/380-bayview-parkway-orillia-orillia
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February 12 2026 12:35:16
Toronto Real Estate Board
Right At Home Realty, Brokerage