Gurvinder Nokwal REALTOR®
For Sale Multiplex 189 days on market

$2,299,000

Est. payment $10,179/moCalculate yours

235 Canice Street, Orillia, ON L3V 4J1

Orillia, Orillia, ON L3V 4J1

  • 8 + 4 Beds
  • 7 Baths
  • 3,500 Sq Ft

Listing courtesy of GRANGE HALL REALTY INC. MLS® S12994258

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.

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
New
Size
3,500 sqft

Interior

Bedrooms
8 + 4
Bathrooms
7
Kitchens
7
Basement
Apartment, Finished with Walk-Out

Building & Systems

Heating
Baseboard (Electric)
Cooling
Wall Unit(s)
Exterior
Brick
Foundation
Not Applicable
Roof
Shingles
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
103.62 x 120 Feet
Parking
None garage · 8 total

Financial

Property Taxes
$10,733 (2025)

Location

Neighbourhood
Orillia
Cross Street
Canice/Borland
Direction Faces
West

Listing

MLS® Number
S12994258
Days on Market
189
Listed On
2026-04-12
Possession
30/60/TBA
Listed By
GRANGE HALL REALTY INC.

Features

Interior

  • None

Pool

  • None
Included
All EF, 7 stoves, fridges, 4 dishwashers, 4 wall A/C units, 2 washer and 2 drayer.

Mortgage calculator

Minimum for this price: $459,800 (20%)

Amortization, years

Estimated mortgage payment

$10,179 per month

Principal and interest
$10,179
Property tax
$894
Estimated monthly cost
$11,074

Your mortgage

Mortgage amount
$1,839,200
Mortgage insurance
Not needed
Interest over 25 years
$1,214,642

Cash to close

Down payment
$459,800
Land transfer tax
$43,950
Total, before legal fees
$503,750
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

235 Canice Street, Orillia, ON L3V 4J1 Orillia, Orillia, ON L3V 4J1
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$2,299,000 235 Canice Street, Orillia, ON L3V 4J1
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