HomeListingsOrilliaS13075776

263 Canice Street Orillia ON

📍 Orillia, Ontario L3V 4J4

$2,599,000

Active
12BEDS
12BATHS
12PARKING
12KITCHENS
125×105LOT (FT)

📋 Listing Highlights

StatusActive
MLS®S13075776
ListedMay 3, 2026
Days on Market
Property TypeResidential Freehold
StyleMultiplex
Cross StreetCanice/Borland St. E
Possession30/60/TBA

📝 Listing 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.

🏠 Property Details

Property TypeResidential Freehold
StyleMultiplex
Bedrooms12
Bathrooms12
Kitchens12

📐 Lot & Land

Lot Width125 ft
Lot Depth105 ft
Cross StreetCanice/Borland St. E

🔧 Building & Utilities

Heat SourceGas
HeatingRadiant
CoolingNone
BasementFinished with Walk-Out
GarageNone
Parking12
ConstructionBrick
RoofShingles

💰 Financial

List Price$2,599,000
Annual Taxes$10,102.4 (2025)
Possession30/60/TBA

🧮 Mortgage Calculator

$519,800
Est. Monthly Payment
$12,768/mo
Principal: $2,079,200 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by GRANGE HALL REALTY INC.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #S13075776 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.