235 Canice Street, Orillia, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,299,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 12 Bedrooms and 7 Bathrooms with 7 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 103.62 x 120 ft lot
- Features a apartment, finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: None
- equipped with wall unit(s) central cooling and highly efficient baseboard heating via electric
Description
Exceptional opportunity to own a fully renovated 7-unit apartment building with high in-place income and excellent tenant profile. Completely occupied, this turnkey investment has been thoughtfully upgraded in 2023 with new doors, windows, flooring, water tank, modern appliances, and energy-efficient floor heating. A newly added retaining wall maximizes functionality by increasing available parking. The property includes 5 spacious 2-bedroom, condo-style apartments featuring wall A/C units and updated kitchens with dishwashers, one 1-bedroom apartment, and 1 bachelor. Designed for both tenant comfort and investor peace of mind, this well-maintained asset offers a compelling blend of stability, quality, and long-term growth potential. All tenants pay their own hydro. It is located within walking distance of the lake and marina.
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Property Summary
This multiplex located at 235 Canice Street, Orillia is currently for sale and has been available on SousaSells for 116 days. This property is listed at $2,299,000 with an estimated mortgage of $7,653* per month. It has 12 beds, 7 bathrooms, and is 3500-5000 square feet. 235 Canice Street, Orillia is in the Orillia neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 12 bedrooms and 7 bathrooms, this home offers ample space and comfort for growing families in Orillia, Orillia.
- •12 spacious bedroom layout offering versatile living space
- •7 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Orillia, Orillia.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 235 Canice Street, Orillia, ON
Q.What is the asking price for 235 Canice Street, Orillia, ON ?
The current listing price for 235 Canice Street, Orillia, ON in Orillia, Orillia is $2,299,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 12 bedrooms and 7 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 235 Canice Street, Orillia, ON ?
235 Canice Street, Orillia, ON is a Multiplex (2-Storey) featuring a Apartment, Finished with Walk-Out basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Wall Unit(s).
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Pricing & Value Insights
Data-driven valuation for 235 Canice Street, Orillia, ON L3V 4J1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Orillia, ON
For a property listed at $2,299,000 in Orillia, the legal minimum down payment is $459,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $43,950 for this transaction. As this listing is in Orillia (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $43,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.