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$ 2,599,000
Est. payment /mo
New
263 CANICE STREET Orillia, ON L3V4J4
12 Beds
12 Baths
2,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Square Footage 2,500 sqft
Price per Sqft $1,039
Subdivision Orillia
MLS® Listing ID S13075776
Bedrooms 12
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 12
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://drive.google.com/file/d/1Fw2wClbQ3bF_3JMNm1e_1dhZ-TKDdT89/view?usp=drivesdk
Listed by GRANGE HALL REALTY INC.