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263 Canice Street, Orillia, ON L3V 4J4

$2,599,000

263 Canice Street, Orillia — MLS S13075776
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Beds
12
Baths
12
Sqft
2500-3000
Type
Multiplex
Style
2-Storey
Parking
12
Heating
Radiant
A/C
None
Basement
Finished with Walk-Out
MLS®
S13075776

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.

This multiplex sits in Orillia, in Orillia. Orillia sits between Lake Couchiching and Lake Simcoe with a walkable downtown, a growing arts scene, and some of the region’s most approachable price points.

Browse more on our Orillia community page, or see every local listing at our listings search.

Thinking of a move of your own? We list homes across Simcoe County and beyond for a 1% listing commission with full service included. Questions about this property or the market? Contact us or call 705-722-9111.

Listing courtesy of GRANGE HALL REALTY INC..

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