235 Canice Street

235 Canice Street in Orillia - 12 bedroom, 7 bathroom. Listed at $2,299,000.

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.

Property Details

Property Type: Mortgage
Style: 2-Storey
Square Footage: 4250 sqft
Basement: Apartment
Heating: Electric
Cooling: Wall Unit(s)
Parking: 8 spaces
Property Taxes: $10,733/yr
Neighbourhood: Orillia
Postal Code: L3V 4J1

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