263 Canice Street, Orillia, ON L3V 4J4, Orillia, ON
Bed 12
Bath 12
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.
Property Highlights
For Sale
MLS NO.
S13075776
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
12
Bathrooms
12
Parking
12.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
S13075776
Living Area Range
2500-3000
Total Bedrooms
12
Bedrooms Above Grade
12
Total Bathrooms
12
Total Kitchens
12
Kitchens Above Grade
12
Rooms Above Grade
36
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Shingles
Lot Width
125.0
Lot Size Units
SquareFeet
Parking Total
12.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
West
Cooling
None
Heat Source
Gas
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
263 Canice Street, Orillia, ON L3V 4J4
City
Orillia
Neighbourhood
Orillia
County / Region
Simcoe
Province / State
ON
Postal Code
L3V 4J4
Cross Street
Canice/Borland St. E
Directions
263 Canice St.
Country
CA
List Price
$2,599,000
Annual Taxes
$19,362
Tax Year
2025
Legal Description
PT LT 20 N/S BORLAND ST PL 8 ORILLIA AS IN RO947946; ORILLIA
Possession Type
Flexible
Possession Details
30/60/TBA
Listing Office
GRANGE HALL REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-03T17:52:11Z
Media Updated
2026-05-04T15:34:09Z
Photos Updated
2026-05-04T14:40:34Z
Last Modified
2026-05-15T18:51:11Z
System Modified
2026-05-15T18:51:13.177526Z
MLS Status
New
Architectural Style
2-Storey
Basement
Finished with Walk-Out
Co List Office Name
GRANGE HALL REALTY INC.
Ddfyn
Yes
Expiration Date
2026-12-30
Foundation Details
Unknown
Heat Source Multi
Gas
Heat Type Multi
Radiant
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
586590080
Parking Spaces
12
Public Remarks
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.
