8 Beds 7 Bath

235 Canice Street, Orillia, ON L3V 4J1

Orillia L3V 4J1 Ontario

MLS: S12994258

$2,299,000

Added 4 hours ago | For Sale

Listed by: GRANGE HALL REALTY INC.

About Property

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.

Features

  • House Style:Multiplex
  • Bathrooms:7
  • Land Size: 103.62 X 120
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Electric
  • Cross Street:Canice/Borland
  • Basement:Apartment,Finished with Walk-Out , Apartment,Finished with Walk-Out
  • Possession Date:30/60/TBA
  • Annual Property taxes: $10733
  • Bedrooms:8 +4
  • Total Parking Spaces:8
  • Parking Places:8
  • Heating Type:Baseboard
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:S12994258

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