Salehian.com 647-325-5000

263 Canice Street

Orillia, Orillia, L3V 4J4

$2,599,000

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  • 12 bedrooms
  • 12 bathrooms
  • 12 parking
  • 2500-3000 sq ft

Listed 170 days ago · MLS® S13075776

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.

Details

Type
Multiplex
Style
2-Storey
Size
2500-3000 sq ft
Lot
125 × 105 ft
Basement
Finished with Walk-Out
Garage
None
Kitchens
12
Property tax
$19,362 (2025)
Neighbourhood
Orillia
Municipality
Orillia

Interior

Bedrooms
12 above ground
Bathrooms
4 × 4-piece (lower), 4 × 4-piece (ground), 4 × 4-piece (second)
Rooms
36 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Radiant, Gas
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Shingles
Faces
West

Parking

Total parking
12

Lot

Size
125 × 105 ft

More

Possession
30/60/TBA
Cross street
Canice/Borland St. E

Location

Location is approximate. See nearby homes on the map

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 2 grocery stores, 6 cafés and restaurants, 5 parks, 1 pharmacy. Nearest grocery: Metro (750 m). Nearest park: Couchiching Beach Park (400 m).

Schools nearby

Elementary

  • Lions Oval Public School
    EQAO: Gr 6 reading 65%, math 47%    15 min walk
  • Couchiching Heights Public School
    EQAO: Gr 6 reading 96%, math 56%    17 min walk
  • Monsignor Lee Separate School Catholic17 min walk
  • Orchard Park Elementary School
    EQAO: Gr 6 reading 81%, math 44%    18 min walk

Secondary

  • Patrick Fogarty Secondary School Catholic
    EQAO: Gr 9 math 40%, literacy test 83%    1.3 km
  • Orillia Secondary School
    EQAO: Gr 9 math 42%, literacy test 83%    1.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3V

Owners / renters
70% / 30%
Median household income
$77,500
Average age
46
Children under 15
14%
Homes
67% detached, 5% high-rise
Commute by transit
2%
Population
48,651

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Mandarin 0.2%, Yue (Cantonese) 0.2%, Gujarati 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Orillia (OPP): 102 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by GRANGE HALL REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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