For Sale: 263 Canice Street, Orillia, ON - REW
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$2,599,000
12 bd • 12 ba • 2500 - 2999 sf • Multifamily
263 Canice Street
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$2,599,000
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263 Canice StreetOrillia, ON, L3V 4J4

  • 12 Bed
  • 12 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: JOSEPH MORRIELLO, Salesperson, GRANGE HALL REALTY INC.

Home facts and features

Price details
List Price
$2,599,000
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Gross Taxes for 2025
$19,362
Home facts
Bedrooms
12
Full Bathrooms
12
Parking Spaces
12
Parking Details
No Garage
Property Type
Multifamily
Depth
105 feet
Frontage
125.0 feet
Exterior Finish
Brick
Heating Type
Radiant heat, Natural gas
Basement Details
Finished, Walk out,
Appliances
Dryer, Two Refrigerators, Two Washers, Two stoves
Agent details
Primary Agent
JOSEPH MORRIELLO
Primary Broker
GRANGE HALL REALTY INC.
Secondary Agent
DRAGANA BATURAN
Secondary Broker
GRANGE HALL REALTY INC.
Listing details
Days on REW
34 Days
Property Views
13
MLS® Number
S13075776
Source
Canadian Real Estate Association
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25 Years
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Property Insights

Lions Oval Public School
  • Public
  • JK - 8
Monsignor Lee School
  • Catholic
  • JK - 8
Couchiching Heights Public School
  • Public
  • 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
Harriett Todd Public School
  • Public
  • JK - 8
St Bernard's School
  • Catholic
  • 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
JOSEPH MORRIELLO
Office:
416-588-2200
Salesperson
DRAGANA BATURAN
Office:
416-588-2200
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.