263 Canice Street, Orillia, ON L3V 4J4
Orillia, ON, L3V 4J4 · Orillia
About this property
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.
Features & Amenities
- Basement: Finished with Walk-Out
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 12 |
| Bathrooms | 12 |
| Basement | Finished with Walk-Out |
| Garage | None |
| Parking Spaces | 12 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $19,362 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Unknown
- Roof
- Shingles
- Basement
- Finished with Walk-Out
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 12
- Parking Total
- 12.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 105.00
- Lot Width
- 125.00
Financial & Tax
- Tax Annual Amount
- $19,362
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- 30/60/TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 36
- Kitchens Above Grade
- 12
- Kitchens Total
- 12
- Bedrooms Above Grade
- 12
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Simcoe
- Cross Street
- Canice/Borland St. E
- Directions
- 263 Canice St.
- Special Designation
- Unknown
- Showing Requirements
- See Brokerage Remarks
Location
263 Canice Street, Orillia, ON L3V 4J4, Orillia, ON, L3V 4J4