235 Canice Street, Orillia, ON L3V 4J1, Orillia, ON
Bed 12
Bath 7
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.
Property Highlights
For Sale
MLS NO.
S12994258
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
12
Bathrooms
7
Parking
8.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
S12994258
Living Area Range
3500-5000
Total Bedrooms
12
Bedrooms Above Grade
8
Bedrooms Below Grade
4
Total Bathrooms
7
Total Kitchens
7
Kitchens Above Grade
4
Kitchens Below Grade
3
Rooms Above Grade
12
Rooms Below Grade
6
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Shingles
Lot Width
103.62
Lot Size Units
SquareFeet
Parking Features
Private
Parking Total
8.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
West
Cooling
Wall Unit(s)
Heat Source
Electric
Heat Type
Baseboard
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
235 Canice Street, Orillia, ON L3V 4J1
City
Orillia
Neighbourhood
Orillia
County / Region
Simcoe
Province / State
ON
Postal Code
L3V 4J1
Cross Street
Canice/Borland
Directions
235 Canice St
Country
CA
List Price
$2,299,000
Annual Taxes
$10,733
Tax Year
2025
Legal Description
LT 7 W/S CANICE ST PL 167 ORILLIA; PT LT 6 W/S CANICE ST PL 167 ORILLIA AS IN RO1176788; ORIL
Possession Type
Flexible
Possession Details
30/60/TBA
Listing Office
GRANGE HALL REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-04-14T08:13:24Z
Media Updated
2026-05-05T17:31:06Z
Photos Updated
2026-04-14T08:13:25Z
Last Modified
2026-05-04T18:47:50Z
System Modified
2026-05-05T17:31:06.125372Z
MLS Status
New
Architectural Style
2-Storey
Basement
Apartment, Finished with Walk-Out
Co List Office Name
GRANGE HALL REALTY INC.
Ddfyn
Yes
Expiration Date
2026-12-30
Foundation Details
Not Applicable
Heat Source Multi
Electric
Heat Type Multi
Baseboard
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
586640030
Parking Spaces
8
Public Remarks
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.
