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72 First Street

72 First Street

Orangeville, ON

  • 31,000 sqft
  • Investment
$12,500,000

PRIME MULTI-RESIDENTIAL INVESTMENT OPPORTUNITY 34-Unit, 23 - 2 Bdrm, 10 - 1 Bdrm, 1 - Bach. Concrete Apartment Building | Orangeville, Ontario. Exceptional opportunity to acquire a well-maintained, solidly constructed 34-unit concrete apartment building situated in a desirable and established neighborhood in Orangeville, Ontario. This quality multifamily investment property has benefited from significant capital improvements, including a roof replacement, upgraded Lochinvar boiler heating system, concrete balcony restoration, and replacement of balcony railings, contributing to the building's long-term durability and operational efficiency. The property features recently renovated common areas and 25 updated residential suites, offering modern finishes and desirable amenities, including in-suite washers and dryers and dishwashers. These improvements enhance resident comfort, convenience, and the property's overall rental appeal. Professionally managed and efficiently operated, the building benefits from an experienced on-site superintendent, providing streamlined day-to-day operations and making it an attractive investment for both established and first-time multifamily investors. Strategically located in a sought-after residential neighbourhood, the property offers convenient access to Headwaters Health Care Centre, shopping centres, restaurants, commercial retail, and essential community amenities. A rare opportunity to acquire a substantial, extensively improved multifamily asset in the growing Orangeville community, combining quality concrete construction, significant capital upgrades, modernized residential accommodations, and professional on-site management. An outstanding addition to any real estate investment portfolio, offering long-term income potential, operational stability, and investment appeal.

Listing Details

Taxes (2025)
$69,740
Listed
October 27, 2026

Price History

Property

Lot Size
132 x 328 Feet

Parking

Garage
None

Utilities

Sewer
Sanitary+Storm

Location & Legal

Cross Street
HWY 10 and First Street
Zoning
RM2
Parcel Number
340320225
Possession
Flexible
Occupancy
Tenant

Commercial

Business Type
Apts - Over 20 Units

Included

Inclusions
34 Fridges, 34 Stoves
Rental Items
none

Community

Postal area L9W

Population
48,790
Private dwellings
17,840
Median age
40.4
Average household size
2.8
Median household income
$110,000

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

Commercial in Orangeville · last 12 months

Median sold price
$730,500
Homes sold
342
Median days on market
28
Sale-to-list price
97.2%

Based on 342 recorded sales of commercial properties in Orangeville over the last 12 months.

Listed by

LEAF AND PALM REALTY CORP.

Walk Score

88

Walk

27

Transit

64

Bike

Scores by Walk Score®

Commercial figures

Building area
31,000 sq ft
Price per sq ft
$403.23
Annual property tax
$69,740
Tax per sq ft
$2.25

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

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