$6,900,000

78 West Street S

Orillia ON, L3V 5G4

Description

4.3 % cap rate. Being Sold as a Package Deal. 3 properties total of 31 units. 78 West St. S. is 17 Units. 34 Market ST. is 12 units and 42 Nottawasaga St. is 2 units. Unit breakdown 17 two bedroom units, 12 one bedroom units, 1 three bedroom unit, 1 bachelor unit. Turn key, professionally managed buildings, with up to date renovated units. Bonus there is an assumable commercial mortgage for only 1.9 %. Great Location in the downtown core. Walking distance to all amenities, downtown waterfront, hospital, library, theatre, main bus stations. Orillia is excellent city to invest in, always low vacancy rates- shortage of apartment buildings. Home to OPP provincial headquarters and Hydro One Provincial headquarter is moving here now. Strong growth projections. Major shopping centers. Only one hour from the GTA in the heart of Ontario's recreational center. Bordered by lake Simcoe and Lake Couchiching. Contact listing agent for information package on mortgage details, pro forma, building particulars and pictures.

Details

MLS#40101452
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site22

Features

SQ Feet23,130
Building(s)1
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Area Information
ProvinceON
CountySimcoe County
CityOrillia
Postal CodeL3V 5G4
AreaOrillia
Listing VS Median (in L3V 5G4)
Price:
$6,900,000
low | high
Med:
$6,900,000
50% of Average
SqFt:
23,130
low | high
Med:
23,130
50% of Average
$ / SqFt:
$298
low | high
Med:
$298
50% of Average
On Site:
22
low | high
Med:
22
100% of Average
Sourced by Back At You
Listing Updated: May 12, 2021 8:00:51 PM PDT
Theresa Coulson LogoMLS Number: 40101452
Listing Provided By:
Theresa Coulson  of  Simcoe Hills Real Estate Inc. Brokerage
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