263 Canice Street, Orillia, ON
Description
Property Highlights
Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,599,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 12 Bedrooms and 12 Bathrooms with 12 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 125 x 105 ft lot
- Features a ["finished with walk-out"] basement, adding superb versatility for recreation, a home gym, or extra storage
- 12.0 total parking spaces available
- Notable attributes: None
- equipped with ["none"] central cooling and highly efficient radiant heating via gas
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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Pricing & Value Insights
Data-driven valuation for 263 Canice Street, Orillia, ON L3V 4J4
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Properties in this area are selling at a steady pace.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.