235 Canice Street

Orillia, ONMulti-family
$2,299,000
MLS® S12994258
Multi-family12 beds7 baths8 total
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About This 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. (id:63604)

Key Facts

Type
Multi-family
Beds
12
Baths
7
Size
3,500 sqft
Lot
103.6 x 120 FT
Parking
8 total

Highlights

  • Refrigerator
  • Dishwasher
  • Stove
  • Two Washers
Property Details 15 details
Bedrooms
12 bedrooms
8 above grade + 4 below grade
Bathrooms
7 bathrooms
Parking
8 parking spaces
No Garage
Living area
3,500 - 5,000 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Storeys
2
Basement
Finished, Apartment in basement, Walk out
Heating
Baseboard heaters, Electric
Cooling
Wall unit
Fireplace
No
Lot dimensions
103.6 x 120 FT
Frontage
103.70 feet
Taxes
$10,733.00 (2,025)
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

RefrigeratorDishwasherStoveTwo Washers

Exterior features

Brick

Systems and association

SewerElectricity

Virtual Tour & Media

Mortgage & Affordability Estimate monthly costs
Purchase price$2,299,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Orillia
City
Orillia
Postal code
L3V 4J1
Nearby
Cross Streets: Canice/Borland. ** Directions: 235 Canice St.