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$2,599,000
Est. payment /mo
12 Beds
12 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Orillia
MLS Listing ID S13075776
Style 2-Storey
Bedrooms 12
Annual Tax Amount $19,362
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Finished with Walk-Out
Kitchen 12
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Shingles
Lot Frontage 125.0
Lot Depth 105.0
Total Parking Spaces 12
Building
Foundation Unknown
Others
ParcelsYN Yes
Virtual Tour https://drive.google.com/file/d/1Fw2wClbQ3bF_3JMNm1e_1dhZ-TKDdT89/view?usp=drivesdk
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Listed by GRANGE HALL REALTY INC.
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