More Photos

×

    For Sale - 184 Borland Street, Orillia, Ontario

    Est payment $7,443/mo
    Get pre-qualified
    Views   1
    Time on Jump  1 days

    AI Summary *

    • Renovated multi-residential property in a sought-after neighborhood.
    • Six legal units providing multiple income streams with low vacancy.
    • Strong rental demand with recent leases reflecting market rates.
    • Extensive capital improvements enhance long-term performance and tenant retention.
    • Additional income from laundry and parking boosts overall 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 IDS13034698
    Address184 Borland Street
    CityOrillia, Ontario
    Price$1,550,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Greenbelt/Conservation, Public TransitBasement 1Heating / Cooling Gas Forced Air Open

    ASAP

    Sun

    26

    Apr

    Mon

    27

    Apr

    Tue

    28

    Apr

    Wed

    29

    Apr

    Thu

    30

    Apr

    Fri

    1

    May

    Sat

    2

    May

    Sun

    3

    May

    Mon

    4

    May

    Tue

    5

    May

    Wed

    6

    May

    Thu

    7

    May

    Fri

    8

    May

    Sat

    9

    May

    Sun

    10

    May

    Mon

    11

    May

    Tue

    12

    May

    Wed

    13

    May

    Thu

    14

    May

    Fri

    15

    May

    Sat

    16

    May

    Sun

    17

    May

    Mon

    18

    May

    Tue

    19

    May

    Wed

    20

    May

    Thu

    21

    May

    Fri

    22

    May

    Sat

    23

    May

    Sun

    24

    May

    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

    145 Sarah Street
    Mcnab/braeside, Ontario.
    3 Beds | 2 Baths
    $499,900
    1796 C Round Lake Road
    Killaloe, Hagarty and Richa…
    4 Beds | 3 Baths
    $984,900
    565 Hayward Crescent
    Milton, Ontario.
    4 Beds | 3 Baths
    $799,900
    6896 Pentland Lane
    Ramara, Ontario.
    3 Beds | 3 Baths
    $1,075,000
    67 Gorevale Drive
    Brampton, Ontario.
    4 Beds | 4 Baths
    $1,199,000
    2185 Vista Drive
    Burlington, Ontario.
    3 Beds | 3 Baths
    $1,189,000
    4213 Calhoun Way
    London South, Ontario.
    3 Beds | 3 Baths
    $569,900
    1208 Augsburg Road
    Bonnechere Valley, Ontario.
    3 Beds | 1 Baths
    $664,900
    4670 County Road 1 Road
    Prince Edward County, Ontar…
    4 Beds | 4 Baths
    $1,398,000
    Loading...
    184 Borland Street
    Orillia , Ontario
    $1,550,000
    Get more info