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. (id:4069)
Address
235 CANICE STREET
List Price
$2,299,000
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Orillia
Bedrooms
12
Bathrooms
7
Floor Area
3500 - 5000 Sq. Ft.
Lot Size
103.6 x 120 FT Sq. Ft.
MLS® Number
S12994258
Listing Brokerage
GRANGE HALL REALTY INC.
Basement Area
N/A, N/A (Finished)
Postal Code
L3V4J1
