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$2,599,000Asking Price

263 Canice Street, Orillia, ON L3V 4J4

Orillia, Orillia

Multiplex
12
Bedrooms
12
Baths
12
Parking
Days on Market

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.

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Tour 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.

Key Info

  • 2-Storey Multiplex
  • 4+ Parking
  • No Garage
  • Canice/Borland St. E
  • 2500-3000 Approximate Sq Feet
  • No Ensuite Laundry
  • Radiant Gas Heating
  • No A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $19,362 in 2025
  • Possession: 30/60/TBA

Details

  • Brick Exterior
  • No Fireplace
  • 12 Kitchens
  •  
  • MLS #S13075776
  • GRANGE HALL REALTY INC.

Extras

Room Floor Dimensions Details
Washroom4 4-Piece Bathrooms on Lower
Washroom4 4-Piece Bathrooms on Ground Floor
Washroom4 4-Piece Bathrooms

Who lives here?

Orillia, Orillia is a north GTA neighbourhood.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Orillia  (0.9)

Singles

50% of residents are
single and loving it.

50% singles

Orillia (50%)

Renters

39% of residents
are renters.

39% renters

Orillia (39%)

Education

20% of residents are
university grads.

20% university grads

Orillia (20%)

Income

Average Household Income

$85K

is the average household
income in the neighbourhood.

Orillia  ($85K)

Professions

Professions

Sales 20%
Trades 8%
Business 7%
Government 7%
Health 5%

Immigrants

9% of residents were
born outside of Canada.

9% immigrants

Orillia (9%)

Birthplace - All

UK was once home to 2.4% of immigrants.
Philippines 0.9%
India 0.7%
China 0.7%
Germany 0.4%

2.4% from UK
All-time

Birthplace - Recent

China was once home to 0.1% of immigrants.
India 0.1%

0.1% from China
Recent

Foreign Languages

Foreign Languages

French 1%
German 1%
Italian 1%
Tagalog 1%

Religions

Religions

Christian 66%
Muslim 1%
Sikh 1%