view of front of house featuring covered porch and driveway Features: horizontal siding, woods view, concrete foundation, porch, stairs, parking pad, driveway More Photos

×

    For Sale - 184 Borland Street, Orillia, Ontario

    Est payment $7,203/mo
    Get pre-qualified
    Views   3
    Time on Jump  122 day

    AI Summary *

    • Renovated multi-residential asset in a desirable neighborhood with high value.
    • Six legal residential units providing multiple income streams with low vacancy.
    • Proven track record of performance with strong in-place tenancy and demand.
    • Recent capital improvements enhance tenant retention and long-term performance.
    • Additional income from laundry and parking supports overall financial returns.




    This property performs and turns heads. 184 borland st e presents a rare opportunity to acquire a renovated, well-maintained multi-residential asset in one of orillia's most established neighbourhoods. Located in the prestigious and highly valued east ward on a large in-town lot, this is a clean, stabilized investment with a proven track record of performance. The property consists of 6 legal residential units plus flex space delivering solid 6+ income streams with strong in-place tenancy and a historically low vacancy rate. Over the past three years, vacancy has been minimal, with near full occupancy outside of brief renovation periods. Based on 2026 projections from actuals, the property generates a net operating income of $96,266. 92 and is offered at $1,550,000, representing a 6. 21% cap rate. Operating expenses of $30,946. 36 reflect a combination of actual and projected costs, resulting in an efficient and well-controlled expense profile. Ownership has completed extensive capital improvements including renovated units, updated hallways, plumbing upgrades, lighting improvements, and the replacement of both owned hot water tanks in 2025. The asset has been actively improved with a focus on long-term performance and tenant retention. Recent leasing activity confirms strong rental demand, with a one-bedroom unit leased at $1,700 and a three-bedroom at $2,000. Current rents align with market levels while still offering room for gradual growth. Additional income from laundry and parking further supports overall returns, and the property benefits from a balanced tenant mix of long-term and newer occupants. Strong numbers, low vacancy rate, and a fully improved asset in a growing simcoe county market make this a compelling turnkey investment with immediate cash flow and continued upside.
    Listing IDS13034688
    Address184 Borland Street
    CityOrillia, Ontario
    Price$1,500,000
    Bed / Bath9 / 7 Full
    Style2-Storey, Multiplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Accessory ApartmentOwnership FreeholdViews Water, Trees/Woods, Lake, Park/GreenbeltBasement Finished with Walk-OutFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel GasSewer Sewer

    Parking 10.00
    ASAP

    Mon

    24

    Aug

    Tue

    25

    Aug

    Wed

    26

    Aug

    Thu

    27

    Aug

    Fri

    28

    Aug

    Sat

    29

    Aug

    Sun

    30

    Aug

    Mon

    31

    Aug

    Tue

    1

    Sep

    Wed

    2

    Sep

    Thu

    3

    Sep

    Fri

    4

    Sep

    Sat

    5

    Sep

    Sun

    6

    Sep

    Mon

    7

    Sep

    Tue

    8

    Sep

    Wed

    9

    Sep

    Thu

    10

    Sep

    Fri

    11

    Sep

    Sat

    12

    Sep

    Sun

    13

    Sep

    Mon

    14

    Sep

    Tue

    15

    Sep

    Wed

    16

    Sep

    Thu

    17

    Sep

    Fri

    18

    Sep

    Sat

    19

    Sep

    Sun

    20

    Sep

    Mon

    21

    Sep

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  CENTURY 21 B.J. ROTH REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    329 Atha Avenue
    Richmond Hill, Ontario.
    6 Beds | 4 Baths
    $1,449,000
    50 Tybalt Crescent
    Bells Corners And South To …
    3 Beds | 2 Baths
    $525,000
    195 Harbour View Street
    Barrhaven, Ontario.
    3 Beds | 3 Baths
    $775,000
    24 Gray Crescent
    Kanata, Ontario.
    3 Beds | 2 Baths
    $575,000
    917 Queen Street
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $439,900
    254 Tobin Court
    Peterborough, Ontario.
    3 Beds | 3 Baths
    $550,000
    420 Edison Avenue
    Peterborough, Ontario.
    3 Beds | 2 Baths
    $450,000
    7647 Doverwood Drive
    Mississauga, Ontario.
    3 Beds | 3 Baths
    $840,000
    11 Mclaughlin Road
    Brampton, Ontario.
    4 Beds | 2 Baths
    $989,786
    Loading...
    184 Borland Street
    Orillia , Ontario
    9 7 $1,500,000
    Get more info