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235 CANICE STREET, Orillia — listed at $2,299,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
What's the parking situation?+
This property includes 8 spaces — No Garage.
Is there air conditioning?+
Yes — wall unit cooling is in place.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $10,733, heating is baseboard heaters, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 12 bedrooms and 7 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 235 CANICE STREET a good fit for a growing family?+
With 12 bedrooms and 7 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Walk out, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Orillia before counting on it.
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