263 Canice Street Orillia, Ontario L3V 4J4
$2,599,000
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:60365)
Property Details
| MLS® Number | S13075776 |
| Property Type | Multi-family |
| Community Name | Orillia |
| ParkingSpaceTotal | 12 |
Building
| BathroomTotal | 12 |
| BedroomsAboveGround | 12 |
| BedroomsTotal | 12 |
| Appliances | Dryer, Two Stoves, Two Washers, Two Refrigerators |
| BasementDevelopment | Finished |
| BasementFeatures | Walk Out |
| BasementType | N/a (finished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 105 Ft |
| SizeFrontage | 125 Ft |
| SizeIrregular | 125 X 105 Ft |
| SizeTotalText | 125 X 105 Ft |
Utilities
| Electricity | Installed |
https://www.realtor.ca/real-estate/29692664/263-canice-street-orillia-orillia
Joseph Morriello
Broker of Record
10933 Jane Street
Vaughan, Ontario L6A 1S1
Dragana Baturan
Broker
10933 Jane Street
Vaughan, Ontario L6A 1S1
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May 04 2026 04:40:32
Toronto Real Estate Board
Grange Hall Realty Inc.
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