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. (id:4069)
Address
263 CANICE STREET
List Price
$2,599,000
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Orillia
Bedrooms
12
Bathrooms
12
Floor Area
2500 - 3000 Sq. Ft.
Lot Size
125 x 105 FT Sq. Ft.
MLS® Number
S13075776
Listing Brokerage
GRANGE HALL REALTY INC.
Basement Area
N/A (Finished)
Postal Code
L3V4J4
