Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

263 Canice Street, Orillia, ON L3V 4J4 (Canice/Borland St. E)
$ 2599000 - MLS : S13075776

From Our Gallery

Description

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.

Location Description

Canice/Borland St. E

Property Detail

Community: Orillia
Property Type: Tenant/Residential Freehold
Bedrooms: 12
Bath: 12
Garages: None
Annual Property Taxes : $ 19362.37

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Unknown
Counstruction Material : Brick
Total Parking Space : 12
Parking Type : None

Amenities

Heating : RadiantGas
Sewer : Sewer ,

Listing Contracted With: GRANGE HALL REALTY INC.

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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