L3V2C3 Real Estate

L3V2C3 Real Estate

Welcome to the vibrant community of Orillia, Ontario, nestled in the heart of the picturesque Muskoka region. The postal code L3V 2C3 encompasses a delightful area that offers a perfect blend of natural beauty and urban convenience, making it an ideal destination for families, retirees, and outdoor enthusiasts alike.

Orillia is often celebrated for its stunning waterfront along Lake Couchiching and the scenic shores of Lake Simcoe. Residents of L3V 2C3 enjoy easy access to a variety of recreational activities, including boating, fishing, and hiking along the numerous trails that wind through the lush landscapes. The region is also home to several parks and green spaces, perfect for picnics, leisurely strolls, or simply soaking in the tranquility of nature.

In addition to its natural allure, Orillia boasts a vibrant arts and culture scene. The city is known for its charming downtown area, where you can explore unique shops, delightful cafes, and an array of restaurants that cater to every palate. The Orillia Opera House and the annual Mariposa Folk Festival are just a couple of highlights that showcase the community's rich cultural heritage.

Families in L3V 2C3 will appreciate the excellent educational institutions and community services available, ensuring a nurturing environment for children. With its friendly atmosphere and strong sense of community, Orillia invites you to discover the warmth and charm that make this region a wonderful place to call home. Whether you're looking to settle down or invest, L3V 2C3 is ready to welcome you with open arms.

Newest Listings in L3V2C3

$1,500,000
S13034698 MLS® #
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:5764)

184 Borland Street East, Orillia

Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD..

$1,500,000
9 Beds ⋅ 7 Baths ⋅ S13034688 MLS® #
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:5764)

184 Borland Street East, Orillia

Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD..

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