235 Canice Street,Orillia, ON L3V 4J1
Orillia, ON L3V 4J1
Description
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.
Details
| MLS # | S12994258 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 141 |
| Listing Provided By | GRANGE HALL REALTY INC. | S12994258 126200 |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 7 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.29 |
Interior
| Interior Features | None |
|---|---|
| Cooling | Wall Unit(s) |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingles |
|---|---|
| Foundation Details | Not Applicable |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 10733 |
|---|---|
| Tax Legal Description | LT 7 W/S CANICE ST PL 167 ORILLIA; PT LT 6 W/S CANICE ST PL 167 ORILLIA AS IN RO1176788; ORIL |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Orillia |
| Postal Code | L3V 4J1 |
| Area | Orillia |
| Listing VS Median (in L3V 4J1) | |
Price: $2,299,000 low | high Med: $0 On site: 141 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Orillia |
| Postal Code | L3V 4J1 |
| Area | Orillia |
| Listing VS Median (in L3V 4J1) | |
Price: $2,299,000 low | high Med: $0 On site: 141 low | high Med: | |
