For sale · Orillia, Orillia
263 Canice Street, Orillia
$2,599,000
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- Property type
- Multi-family
- Bedrooms
- 12
- Bathrooms
- 12
- Parking
- 12
- Approx. size
- 2500–3000 sq ft
- Postal code
- L3V4J4
- MLS® number
- S13075776
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Narrated summary of this listing
About this property
Incredible investment opportunity in Orillia. Fully occupied 12-unit apartment building with stable income from day one.The property generates approximately $189,322 annually and is supported by long-term, quality tenants. A well-balanced unit mix and strong occupancy make this a reliable asset with clear potential for future rent growth.One of the key advantages is the location. The building is within walking distance to the lakefront, parks, and scenic trails, offering easy access to nature, waterfront views, and outdoor activities. This lifestyle factor strongly attracts tenants and supports long-term demand.Located in a rapidly developing area, Orillia continues to grow, with expanding infrastructure and increasing interest from young professionals.This is a clean, straightforward investment with solid fundamentals, consistent cash flow, and long-term upside. (id:66289)
Schools & boundaries
Property details
- Neighbourhood
- Orillia
- Storeys
- 2
- Basement
- Finished, Walk out
- Heating
- Radiant heat, Natural gas
- Foundation
- Unknown
- Lot size
- 125 x 105 FT
- Frontage
- 125 feet
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Electricity
- Annual taxes
- $19,362 (2025)
- Parking type
- No Garage
- Cross streets
- Cross Streets: Canice/Borland St. E. ** Directions: 263 Canice St.
Features
Included appliances
- Dryer
- Two stoves
- Two Washers
- Two Refrigerators
Interior & exterior
- Brick
Listing courtesy of GRANGE HALL REALTY INC.. The listing data displayed on this site is provided under copyright by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®). Information is deemed reliable but is not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.