Why renovate an underperforming asset when you can step into a proven performer? This fully legal, solid-brick fourplex delivers 7.3% CAP, immediate cashflow, and long-term stability in the heart of Orillia one of Ontario's fastest-growing and most consistently sought-after real estate markets. With ZERO vacancy history and tenants who love the quality finishes, leasing is effortless. Over $100,000 has been invested in upgrades to ensure this is a truly turn-key asset: new concrete collar (2022), freshly paved asphalt parking (2023), main-floor AC units (2023), A new roof (2019), high-efficiency furnaces (2020), new decks (both front and back), upper-level siding (2022), new storage shed (2022), attic insulation (2020), roof & eaves heating lines to prevent icicles (2021).The property features four updated one-bedroom units with private entrances, five separate hydro meters, shared basement laundry, and a four-car parking lot. Tenants appreciate the thoughtful design and modern finishes, ensuring strong retention and consistent returns. Located within walking distance of downtown Orillia's restaurants, shops, library, Lakehead University, waterfront trails, and boardwalk, this location continues to drive enduring tenant demand. A rare chance to own a meticulously upgraded, fully compliant, and consistently occupied fourplex that delivers dependable income from day one.
| Bedroom | 3.35 × 3.25 m | Vinyl Floor Window Closet |
| Living Room | 3.63 × 3.25 m | Vinyl Floor Window W/O To Porch |
| Kitchen | 2.11 × 2.39 m | Vinyl Floor Stainless Steel Appl Stone Counters |
| Bedroom 2 | 2.72 × 3.30 m | Vinyl Floor Window Closet |
| Living Room | 3.38 × 3.30 m | Vinyl Floor Window Walk-Out |
| Kitchen | 2.30 × 2.40 m | Vinyl Floor Stone Counters Stainless Steel Appl |
| Bedroom 3 | 3.48 × 3.78 m | Vinyl Floor Window Closet |
| Living Room | 3.53 × 4.24 m | Vinyl Floor Window Wainscoting |
| Kitchen | 2.44 × 2.13 m | Vinyl Floor W/O To Deck Stainless Steel Appl |
| Bedroom 4 | 3.45 × 3.05 m | Vinyl Floor Window Closet |
| Living Room | 3.45 × 3.45 m | Vinyl Floor Window Combined w/Kitchen |
| Kitchen | 1.88 × 2.41 m | Vinyl Floor Stainless Steel Appl Open Concept |
*Estimates based on comparable rentals in the area. Actual income may vary.
Based on active listings in Orillia. Data updates daily.
How walkable, bikeable, and transit-friendly this neighbourhood is.
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
Hand-picked listings with a similar price range and style.



