78 West St S

Orillia, Orillia

MLS®: S5215221

1000.00 sqft

$6,900,000

1 month ago

Viewed 12 times

For Sale

Description

Package Of Building Totalling 31 Units, (See Documents For The 2 Other Building Details) Must Be Bought W. 34 Market St. & 42 Nottawasaga St. Financials Available. All Building In Great Condition, All Renovated. Cap Rate Of 4.3%. All Roofs Re-Done In 2017, 78 West St. S Has All New Individual Hydro Meters, New Windows, New Hot Water Tanks In Each Unit. Great Location In Downtown Orillia Core, Walk To Waterfront & Amenities.

Extra

Financial Info Provided Is The Combined Income & Expenses For All 3 Apartment Buildings. **Interboard Listing: Barrie & District R. E. Assoc**

Key Facts

  • Taxes: $26118
  • MLS#: S5215221
  • Price: $6,900,000
  • Status: Sale
  • Type: Investment
  • Style: n/a
  • Size: 1000.00
  • Updated: 2021-04-30 10:20:47.0
  • Year Built: 51-99

Property

  • Type: Investment

Commercial General

  • Depth: 123.00
  • Lot Front: 104.99
  • List Price Code: For Sale
  • Lot/Bldg/Unit Code: Lot
  • Lot Size Code: Feet
  • Air Conditioning: N
  • Elevator: Freight
  • Garage: None
  • Heating: Baseboard
  • Possession Date: Flexible
  • Parking Places: 35
  • Assessment: 540000
  • Seller Property Info Statement: N
  • Zoning: C4I, Ds1, Ds1-2
  • Type: U.
  • Assessment Year: 2021
  • Taxes: $26118
  • Tax Year: 2020
  • Physically Handicapped-Equipped: N
  • Use: Apts-13 To 20 Units
  • Chattels: Y
  • Employees: 0
  • Expenses Actual/Estimated: Act
  • Financial Statement: Y
  • Franchise: N
  • Freestanding: Y
  • Gross Income/Sales: 426098
  • Hydro Expense: 26308
  • Insur: 9605
  • Legal Description: Pt Lt 1 N/S Elgin St, 2 N/S Elgin St Pl 12 Aka Pl
  • LLBO: N
  • Maintenance: $25650.00
  • Management Expense: 20772
  • Net Income Before Debt: 415446
  • Operating Expenses: 114207
  • Outside Storage: N
  • Category: Apartment
  • Rail: N
  • Seats: 0
  • Soil Test: Envirn Audit
  • Sprinklers: Part
  • Survey: N
  • Taxes Expense: 26118
  • Total Area: 1000.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Vacancy Allowance: 10652
  • Water Expense: 5754
  • Year Expenses: 2020
  • Area Influences1: Public Transit
  • Area Influences2: Rec Centre
  • Orig lp cd: For Sale
  • Commercial Condo Fees: 0.00

Price History

Updated Price Event
$6,900,000 Listed For Sale
$XXX,XXX Sold
$XXX,XXX Listed

Map

Updated: 30 Apr, 2021. Days On Market: 10 Days

Listing By: SIMCOE HILL REAL ESTATE INC. Information Updated: 2021-04-30 10:20:47.0

The listing data is provided under copyright by the Toronto Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board nor RickMalhi.com.

More About This Property

Rick Malhi

Sales Representative
CENTURY 21 LEADING EDGE REALTY INC., BROKERAGE

Our Address

208-5 Brisdale Dr,
Brampton, ON, L7A 0S9
+1-905-783-5700