235 Canice Street, Orillia, ON L3V 4J1
- Property tax
- $10,733 / year
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.
- MLS number
- S12994258
- Type
- Multiplex
- Status
- Active
- Bedrooms
- 12
- Bathrooms
- 7
- Postal code
- L3V 4J1
- Photos
- 38
- Laundry
- Lower Level level
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Style
- 2-Storey
- Class
- Residential Freehold
- Fronting on
- West
- Community
- Orillia
- Municipality
- Orillia
- Cross street
- Canice/Borland
Inside
- Bedrooms
- 12
- Bedrooms above grade
- 8
- Bathrooms
- 7
- Washrooms
- 2 on the ground floor · 2 on the second floor · 2 on the basement floor
- Kitchens
- 7
- Rooms above grade
- 12
- Basement
- Apartment, Finished with Walk-Out
- Laundry
- Lower Level
- Size
- 3500-5000
Building
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Not Applicable
Parking
- Covered spaces
- 0
- Driveway spaces
- 8
- Total parking
- 8
- Features
- Private
Land
- Lot
- 103.62 × 120 feet
- Pool
- None
Heating, cooling and services
- Heating
- Baseboard
- Heat source
- Electric
- Cooling
- Wall Unit(s)
- Water
- Municipal
- Sewer
- Sewer
- Electricity
- Yes
Features
- Interior
- None
Listing
- MLS number
- S12994258
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-04-12
- Expires
- 2026-12-30
- Taxes
- $10,733 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Where this address sits, matched against open government data.
Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Monsignor Lee Separate School Simcoe Muskoka CDSB | Elementary | 394 m | / 10 65% met the standard |
| Keystone Montessori School | Elementary | 981 m | Not reported |
| Lions Oval Public School Simcoe County DSB | Elementary | 866 m | / 10 58% met the standard |
| Couchiching Heights Public School Simcoe County DSB | Elementary | 1.2 km | / 10 74% met the standard |
| Orchard Park Elementary School Simcoe County DSB | Elementary | 1.1 km | / 10 68% met the standard |
| Patrick Fogarty Catholic Secondary School Simcoe Muskoka CDSB | Secondary | 1.4 km | / 10 62% met the standard · 2 of 6 measures |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 453 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35431203 — the few blocks around this address, home to 453 people. It describes the area, not this property.
Percentages are of the 230 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.