For Sale: 184 Borland Street E, Orillia, ON - REW
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$1,500,000
9 bd • 7 ba • 5000+ sf • House
184 Borland Street E
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$1,500,000
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184 E Borland StreetOrillia, ON, L3V 2C3

  • 9 Bed
  • 7 Bath
  • 5000+ Sqft
  • House

About this home

This property performs and turns heads. 184 Borland St E presents a rare opportunity to acquire a renovated, well-maintained multi-residential asset in one of Orillia's most established neighbourhoods. Located in the prestigious and highly valued East Ward on a large in-town lot, this is a clean, stabilized investment with a proven track record of performance.The property consists of 6 legal residential units plus flex space delivering solid 6+ income streams with strong in-place tenancy and a historically low vacancy rate. Over the past three years, vacancy has been minimal, with near full occupancy outside of brief renovation periods.Based on 2026 projections from actuals, the property generates a Net Operating Income of $96,266.92 and is offered at $1,550,000, representing a 6.21% cap rate. Operating expenses of $30,946.36 reflect a combination of actual and projected costs, resulting in an efficient and well-controlled expense profile.Ownership has completed extensive capital improvements including renovated units, updated hallways, plumbing upgrades, lighting improvements, and the replacement of both owned hot water tanks in 2025. The asset has been actively improved with a focus on long-term performance and tenant retention.Recent leasing activity confirms strong rental demand, with a one-bedroom unit leased at $1,700 and a three-bedroom at $2,000. Current rents align with market levels while still offering room for gradual growth.Additional income from laundry and parking further supports overall returns, and the property benefits from a balanced tenant mix of long-term and newer occupants.Strong numbers, low vacancy rate, and a fully improved asset in a growing Simcoe County market make this a compelling turnkey investment with immediate cash flow and continued upside.
Listed by: Colton Weeks, Salesperson, Century 21 B.J. Roth Realty Ltd. Brokerage

Home facts and features

Price details
List Price
$1,500,000
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Gross Taxes for 2025
$10,628
Home facts
Bedrooms
9
Full Bathrooms
7
Parking Spaces
10
Parking Details
Private Double
Property Type
House
Lot Size
92 ft x 206 ft (19105 ft²)
Depth
206.17
Frontage
92.67
Exterior Finish
Vinyl Siding
Heating Type
Baseboard, Gas
Cooling
Other
Basement Details
Finished with Walk-Out
Agent details
Primary Agent
Colton Weeks
Primary Broker
Century 21 B.J. Roth Realty Ltd. Brokerage
Secondary Agent
David Jon Weeks
Secondary Broker
CENTURY 21 B.J. ROTH REALTY LTD.
Listing details
Days on REW
165 Days
Property Views
14
MLS® Number
S13034688
Source
Toronto Real Estate Board
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Property Insights

Lions Oval Public School
  • Public
  • JK - 8
Couchiching Heights Public School
  • Public
  • JK - 8
Monsignor Lee School
  • Catholic
  • JK - 8
Patrick Fogarty Secondary School
  • Catholic
  • 9 - 12
Orchard Park Elementary School
  • Public
  • JK - 8
ÉÉC Samuel-de-Champlain
  • Catholic
  • JK - 6
Orillia Secondary School
  • Public
  • 9 - 12
St Bernard's School
  • Catholic
  • JK - 8
Harriett Todd Public School
  • Public
  • JK - 8
Regent Park Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Colton Weeks
Phone:
(705) 305-4174
Cell:
705-305-4174
Office:
705-737-3664
Salesperson
David Jon Weeks
Phone:
705-321-8707
Office:
705-721-9111
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