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235 Canice Street, Orillia, ON L3V 4J1 — $2,299,000 | Paul Nusca Real Estate

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235 Canice Street, Orillia, ON L3V 4J1

Orillia · L3V 4J1

$2,299,000

MLS® #S12994258

Bedrooms (8+4)

Bathrooms

3500-5000

Sq Ft

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.

General Information

Property Type: Residential Freehold
Subtype: Multiplex
Transaction: For Sale
Architectural Style: 2-Storey
Status: Active

Building & Mechanicals

Foundation: Not Applicable
Construction: Brick
Heating: Baseboard
Heating Fuel: Electric
Cooling: Wall Unit(s)
Sewer: Sewer

Basement

Basement: Apartment, Finished with Walk-Out

Parking & Garage

Total Parking: 8
Parking Spaces: 0
Garage Type: None
Parking Features: Private

Lot & Land

Frontage: 103.62'
Depth: 120'

Interior Features

Features

None

Pool

None

Taxes

Annual Tax: $10,733
Tax Year: 2025

Mortgage Calculator

Home Price

Down Payment %

Rate %

Amortization (years)

Estimated monthly payment

$11,294

Down payment: $459,800 · Loan: $1,839,200

Estimate only. Actual rates and payments vary by lender.

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Listing Information

Last Updated: May 4, 2026

Listing courtesy of:

GRANGE HALL REALTY INC.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: May 4, 2026.

Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.