560 West St S, Orillia, L3V 5H6

Listing Overview

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 Hwy 11 and Costco. Strong upside on rent roll in a supply-constrained rental market. Legal non conforming building.

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On Market

Investment

Property Type

$29,990 / Year

Est. Taxes

Apartment

Style

Apts-13 To 20 Units

Business Type

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Franchise