78 WEST Street S Orillia, ON
$ 6,900,000
Property Attributes
  • ID#40101452
  • TypeMulti-Family
  • CityOrillia
  • AreaBarrie and District
  • Postal CodeL3V 5G4
  • Style
  • Price$ 6,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage23130
Listing Provided Courtesy Of:
Theresa Coulson with Simcoe Hills Real Estate Inc. Brokerage
Data Source:
Property 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.

Exterior Features

Jumpid 14883976


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L3V 5G4

AVG $6.9M
AVG 43
Year Built
AVG 1970
AVG 76
Data Provided by Walkscore ® not using MLS data