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:61215)

Property Details

MLS® Number	S13075776
Property Type	Multi-family
Community Name	Orillia
Parking Space Total	12

Building

Bathroom Total	12
Bedrooms Above Ground	12
Bedrooms Total	12
Appliances	Dryer, Two Stoves, Two Washers, Two Refrigerators
Basement Development	Finished
Basement Features	Walk Out
Basement Type	N/a (finished)
Cooling Type	None
Exterior Finish	Brick
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	2,500 - 3,000 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	105 Ft
Size Frontage	125 Ft
Size Irregular	125 X 105 Ft
Size Total Text	125 X 105 Ft

Utilities

Electricity

Installed

https://www.realtor.ca/real-estate/29692664/263-canice-street-orillia-orillia