$999,999Asking Price
380 Bayview Parkway, Orillia, ON L3V 3Y2
Orillia, Orillia
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.
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.
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- No Garage
- Atherley Rd & Hwy 12
- 2500-3000 Approximate Sq Feet
- 16-30 Years Approximate Age
- No Ensuite Laundry
- Baseboard
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $8,087 in 2025
- Possession: Flexible
Details
- Vinyl Siding Exterior
- No Fireplace
- 5 Kitchens
- MLS #S12781426
- RIGHT AT HOME REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 2 4-Piece Bathrooms on Ground Floor | |||
| 1 3-Piece Bathroom on Ground Floor | |||
| 2 4-Piece Bathrooms | |||
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Who lives here?
Orillia, Orillia is a north GTA neighbourhood.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
50%
of residents are
single and loving it.
50% singles
Orillia (50%)Renters
39%
of residents
are renters.
39% renters
Orillia (39%)Education
20%
of residents are
university grads.
20% university grads
Orillia (20%)Income
Average Household Income
$85K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 20% |
| Trades | 8% |
| Business | 7% |
| Government | 7% |
| Health | 5% |
Immigrants
9%
of residents were
born outside of Canada.
9% immigrants
Orillia (9%)Birthplace - All
2.4% from UK
All-time
Birthplace - Recent
0.1% from China
Recent
Foreign Languages
Foreign Languages
| French | 1% |
| German | 1% |
| Italian | 1% |
| Tagalog | 1% |
Religions
Religions
| Christian | 66% |
| Muslim | 1% |
| Sikh | 1% |
