For sale 49$2,599,000
263 Canice Street
Orillia, Ontario L3V4J4
For sale· Added
About this home
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.
Location
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Property details
Listing
- MLS® number
- S13075776
- Added
- May 3, 2026 ()
- Updated
- May 4, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Other
- Storeys
- 2
Inside
- Bedrooms
- 12
- Bathrooms
- 12
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Dryer, Two stoves, Two Washers, Two Refrigerators
Building
- Basement
- Finished, Walk out
- Exterior
- Brick
- Parking
- No Garage · 12 spaces
Land
- Lot size
- 125 x 105 ft
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Electricity
Location
- Cross streets
- Canice/Borland St. E
- Directions
- 263 Canice St.
Running costs
- Annual property tax (2025)
- $19,362
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