$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
Estimated mortgage payment
$10,179 per month
- Principal and interest
- $10,179
- Property tax
- $894
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $503,750
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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