All photos · 20
263 Canice Street, Orillia, ON L3V 4J4
$2,599,000
Beds
12
Baths
12
Type
Freehold
About this home
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.
Interior
- · None
Heating
- · Radiant
Cooling
- · None
Basement
- · Finished with Walk-Out
Room by room
What it could cost monthly
Estimated monthly
$11,902
Principal & interest, per month
- Mortgage amount
- $2,079,200
- Down payment
- $519,800
- Total interest paid
- $1,491,330
Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.
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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.
Room measurements deemed reliable but not guaranteed. Some values are sourced as metres and converted to feet for display.
Listing brokerage
GRANGE HALL REALTY INC.
Each office independently owned and operated.