Gurvinder Nokwal REALTOR®
For Sale Multiplex 171 days on market

$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

Minimum for this price: $519,800 (20%)

Amortization, years

Estimated mortgage payment

$11,508 per month

Principal and interest
$11,508
Property tax
$1,614
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
Total, before legal fees
$571,250
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

263 Canice Street, Orillia, ON L3V 4J4 Orillia, Orillia, ON L3V 4J4
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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).

$2,599,000 263 Canice Street, Orillia, ON L3V 4J4
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