This charming 5-unit multiplex in the heart of orillia is an excellent opportunity for a seasoned investor grow their portfolio or a new investor looking to purchase their first building to start their portfolio on the right foot w/a property that offers immediate income & long-term tenant potential. Set on a large lot w/a generous driveway that provides ample parking for all tenants, the building is already well established with tenants renting four of the units - a landlord dream to have steady returns & stability in long-standing tenants - while 1 vacant unit (as of oct 2025) is currently listed for rent, allowing new ownership to set fresh market rates and choose their first tenant. Each spacious unit has 2 bedrooms and 1 4pc bathroom, and in-unit laundry. Comfortable layouts attract quality tenants and make them want to stay. The half-acre lot offers plenty of room for future expansion or the addition of new suites, maximizing value over time. Located in a desirable neighbourhood close to schools such as harriett todd public school & twin lakes secondary school, as well as the ymca childcare centre, orillia recreation centre, lifelabs medical services, & many restaurants, this property delivers convenience for tenants & strong demand for the investor. Outdoor recreation is easily accessible w/bass lake & lake simcoe just a short drive away. Commuting is effortless thanks to quick access to the trans-canada highway, connecting to hwy 11 north & south. Considering the location, stability, & expansion potential, this property is a smart investment choice in the heart of orillia.
Listing IDS12514850
Address265 Barrie Road
CityOrillia, Ontario
Price$1,098,000
Bed / Bath10 / 5 Full
Style3-Storey, Multiplex
ConstructionVinyl Siding
TypeMulti-Family
StatusFor Sale
