263 Canice Street,Orillia, ON L3V 4J4
Orillia, ON L3V 4J4
Description
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.
Details
| MLS # | S13075776 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 180 |
| Listing Provided By | GRANGE HALL REALTY INC. | S13075776 126200 |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 12 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.30 |
Interior
| Interior Features | None |
|---|---|
| Lease To Own Equipment | None |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingles |
|---|---|
| Foundation Details | Unknown |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 19362.37 |
|---|---|
| Tax Legal Description | PT LT 20 N/S BORLAND ST PL 8 ORILLIA AS IN RO947946; ORILLIA |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 4J4 |
| Area | Orillia |
| Listing VS Median (in L3V 4J4) | |
Price: $2,599,000 low | high Med: $0 On site: 180 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 4J4 |
| Area | Orillia |
| Listing VS Median (in L3V 4J4) | |
Price: $2,599,000 low | high Med: $0 On site: 180 low | high Med: | |
 | $2,299,000235 Canice StreetOrillia, ON L3V 4J1 |
