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    For Sale - 184 Borland Street, Orillia, Ontario

    Est payment $7,203/mo
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    Views   4
    Time on Jump  183 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
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    Listing Brokerage: CENTURY 21 B.J. ROTH REALTY LTD.

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    184 Borland Street
    Orillia , Ontario
    9 7 $1,500,000
    Get more info