235 Canice Street
Orillia, ON
12 bed • 7 bath • approx. 3500-5000 sqft • Multiplex • 137 days on market
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.
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Listing Details
- Taxes (2025)
- $10,733
- Listed
- April 12, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Not Applicable
- Interior
- None
- Lot Size
- 103.62 x 120 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Canice/Borland
- Parcel Number
- 586640030
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- All EF, 7 stoves, fridges, 4 dishwashers, 4 wall A/C units, 2 washer and 2 drayer.
Community
Postal area L3V
- Population
- 48,651
- Private dwellings
- 22,293
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Orillia · last 12 months
- Median sold price
- $590,000
- Homes sold
- 538
- Median days on market
- 27
- Sale-to-list price
- 96.4%
Based on 538 recorded sales of residential freehold properties in Orillia over the last 12 months.
Listed by
GRANGE HALL REALTY INC.
Mortgage Calculator
$459,800
Estimated Monthly Payment
$11,294
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $11,294/mo (20% down, 5.5%)
Taxes: $894/mo · Insurance: $575/mo
Estimates only. Consult a financial advisor.
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