Scout N Secure

$2,599,000

Map

263 Canice Street

Orillia, Ontario L3V4J4

For sale· Added

12 bed12 bath2,500–3,000 sqft

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

Ask about this home

$2,599,000
263 Canice Street
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