All photos · 38
235 Canice Street, Orillia, ON L3V 4J1
$2,299,000
Beds
12
Baths
7
Type
Freehold
About this home
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.
Interior
- · None
Heating
- · Baseboard
Cooling
- · Wall Unit(s)
Parking
- · Private
Basement
- · Apartment
- · Finished with Walk-Out
What it could cost monthly
Estimated monthly
$10,528
Principal & interest, per month
- Mortgage amount
- $1,839,200
- Down payment
- $459,800
- Total interest paid
- $1,319,187
Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
Listing data provided under copyright by the A00001796 and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.
Listing brokerage
GRANGE HALL REALTY INC.
Each office independently owned and operated.