Income-Producing Multi-Unit Apartment Building

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Income-Producing Multi-Unit Apartment Building – Orillia, ON

Income-Producing Multi-Unit Apartment Building – Orillia, ON

For Sale $ 2,699,000
LOCATION: Orillia Ontario Canada
CATEGORY: Commercial Real Estate
INDUSTRY: Apartment Buildings for Sale | Commercial Buildings for Sale or Lease | Commercial Spaces for Sale or Lease | Industrial Buildings for Sale or Lease | Industrial Units for Sale or Rent
LISTING TYPE: Apartment Buildings for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale | Income Properties for Sale

Property Highlights

Fully occupied apartment building with quality tenants with an additional unit under construction totaling 12
Strong rental upside through rental rate increases
On-site parking and coin laundry
Well maintained building with capital improvements made in each unit

This fully occupied 12-unit apartment building at 263 Canice St. is just minutes from Orillia’s historic downtown, offering easy access to grocery stores, restaurants, the new state-of-the-art recreation centre, and the public library. Orillia continues to experience remarkable growth while maintaining its small-town charm, making this a prime opportunity for investors seeking stable rental income in a thriving community.