$2,599,000
Est. payment $11,508/moCalculate yours
263 Canice Street, Orillia, ON L3V 4J4
Orillia, Orillia, ON L3V 4J4
- 12 Beds
- 12 Baths
- 2,500 Sq Ft
Listing courtesy of GRANGE HALL REALTY INC. MLS® S13075776
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.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 2,500 sqft
Interior
- Bedrooms
- 12
- Bathrooms
- 12
- Kitchens
- 12
- Basement
- Finished with Walk-Out
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 125 x 105 Feet
- Parking
- None garage · 12 total
Financial
- Property Taxes
- $19,362 (2025)
Location
- Neighbourhood
- Orillia
- Cross Street
- Canice/Borland St. E
- Direction Faces
- West
Listing
- MLS® Number
- S13075776
- Days on Market
- 171
- Listed On
- 2026-04-30
- Possession
- 30/60/TBA
- Listed By
- GRANGE HALL REALTY INC.
Features
Interior
- None
Pool
- None
- Included
- 12 fridges, 12 stoves, 2 washer, 2 dryers
Mortgage calculator
Estimated mortgage payment
$11,508 per month
- Principal and interest
- $11,508
- Property tax
- $1,614
- Condo fees
- $0
- Estimated monthly cost
- $13,121
Your mortgage
- Mortgage amount
- $2,079,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,373,143
Cash to close
- Down payment
- $519,800
- Land transfer tax
- $51,450
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $571,250
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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