$1,550,000
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184 Borland Street E, Orillia, ON L3V2C3

 Contact
- Beds
0 Baths
5,474 Sq Ft

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. (id:58753)

Listing By: COLTON WEEKS - CENTURY 21 B.J. ROTH REALTY LTD. cncrea2 Realty.com
  • MLS® S13034698
  • Date Listed04/23/2026
  • Days on Realty 45 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Multi Family
  • Water Public
  • Square Feet 5,474 sq. ft
  • Price Per Sq. Ft $283.16

Interior Features

  • Cooling Partially air conditioned
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Irregular lot size, Conservation/green belt

Directions

Cross Streets: Canice St. ** Directions: Canice St to Borland.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for L3V2C3

Discover key demographics, population statistics, and environmental insights for the Orillia, ON area.

Walkability in ON / L3V2C3

Source: Walk Score

68/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

61/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 21/100, Transit Score: 0/100, Bike Score: 37/100.

Points of Interest near 184 BORLAND STREET E, Orillia, ON L3V2C3

Frequently Asked Questions for 184 BORLAND STREET E

Source: Realty.com

184 BORLAND STREET E, Orillia, ON L3V2C3 in Orillia, ON L3V2C3 is a multi family listed at $1,550,000. Highlights include 5,474 sq. ft., $283 per sq. ft.. Realty.ca has 43 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 43 photos of 184 BORLAND STREET E.

The full address for this home is 184 BORLAND STREET E, Orillia, ON L3V2C3.

184 BORLAND STREET E has been listed on Realty.com since Thu April 23, 2026

Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 21/100, Transit Score: 0/100, Bike Score: 37/100.

Listing provided courtesy of: CENTURY 21 B.J. ROTH REALTY LTD.
Listing agent: COLTON WEEKS

This content last refreshed on 2026-06-07 00:45:58. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.