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

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    For Sale - 184 Borland Street, Orillia, Ontario

    Est payment $7,203/mo
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    Views   3
    Time on Jump  142 day

    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$1,500,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

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

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    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.

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    184 Borland Street
    Orillia , Ontario
    $1,500,000
    Get more info