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263 CANICE STREET, Orillia

12 BEDS · 12 BATHS · 2500 - 3000 sqft

$2,599,000

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.

General Info


MLS Listing ID: S13075776 Bedrooms: 12 Bathrooms: 12 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Unknown Roof: N/A Title To Land: N/A Parking Space Total: 12
Parking: No Garage Heating: Radiant heat Size: 2500 - 3000 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A (Finished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: JOSEPH MORRIELLO, GRANGE HALL REALTY INC.

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