235 Canice Street, Orillia, ON L3V 4J1
Orillia, ON, L3V 4J1 · Orillia
About this property
Exceptional opportunity to own a fully renovated 7-unit apartment building with high in-place income and excellent tenant profile. Completely occupied, this turnkey investment has been thoughtfully upgraded in 2023 with new doors, windows, flooring, water tank, modern appliances, and energy-efficient floor heating. A newly added retaining wall maximizes functionality by increasing available parking. The property includes 5 spacious 2-bedroom, condo-style apartments featuring wall A/C units and updated kitchens with dishwashers, one 1-bedroom apartment, and 1 bachelor. Designed for both tenant comfort and investor peace of mind, this well-maintained asset offers a compelling blend of stability, quality, and long-term growth potential. All tenants pay their own hydro. It is located within walking distance of the lake and marina.
Features & Amenities
- Basement: Apartment, Finished with Walk-Out
- Garage: None
- Cooling: Wall Unit(s)
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 12 |
| Bathrooms | 7 |
| Basement | Apartment, Finished with Walk-Out |
| Garage | None |
| Parking Spaces | 8 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $10,733 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Not Applicable
- Roof
- Shingles
- Basement
- Apartment, Finished with Walk-Out
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 8
- Parking Total
- 8.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 120.00
- Lot Width
- 103.62
Financial & Tax
- Tax Annual Amount
- $10,733
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- 30/60/TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 12
- Rooms Below Grade
- 6
- Kitchens Above Grade
- 4
- Kitchens Total
- 7
- Bedrooms Above Grade
- 8
- Bedrooms Below Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Simcoe
- Cross Street
- Canice/Borland
- Directions
- 235 Canice St
- Special Designation
- Unknown
- Showing Requirements
- List Brokerage
Location
235 Canice Street, Orillia, ON L3V 4J1, Orillia, ON, L3V 4J1