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This well-maintained property comprises 12 bachelor units, 11 one-bedroom units, and 2 two-bedroom units, ensuring a diverse tenant mix. With tenants responsible for all utilities, operational expenses are minimized, enhancing the building's financial performance. Located near the bustling intersection of College and Spadina in Toronto, this property offers unparalleled access to vibrant urban amenities and public transit, making it a highly attractive asset in a coveted neighbourhood." +"BuildingAreaUnits": "Acres" +"BusinessType": array:1 [ 0 => "Apts - Over 20 Units" ] +"CityRegion": "Kensington-Chinatown" +"Cooling": "Yes" +"Country": "CA" +"CountyOrParish": "Toronto" +"CreationDate": "2025-05-15T23:21:27.654523+00:00" +"CrossStreet": "College St & Augusta Ave" +"Directions": "College St & Augusta Ave" +"ExpirationDate": "2026-05-14" +"Inclusions": "Great NOI, Zero Vacancies; Rare to have a newer built 25 unit Multi-Res building on College so close to Universities and entertainment and transportation." +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true +"ListAOR": "Toronto Regional Real Estate Board" +"ListingContractDate": "2025-05-15" +"LotSizeSource": "MPAC" +"MainOfficeKey": "386500" +"MajorChangeTimestamp": 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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.
Details
MLS® Number
S12285986
S12285986
Property Size
15000 Sqft
15000 Sqft
Additional details
- Utilities: Yes
- Cooling: Yes
- County: Simcoe
- Property Type: Commercial Sale
Address
- Address 560 West S Street
- City Orillia
- State/county ON
- Zip/Postal Code L3V 5H6
- Country CA