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Overview:
19 suites
Attractive and Affordable Investment
This investment offers a very attractive acquisition cost of only $128,947 per suite and a going in cap rate of 6% Coupled with strong upside in rents on a nearly 1 acre site across from the lake makes for several long term possibilities and strong potential. There are numerous large developments presently scheduled for construction or completing construction in the area.
Orillia Rental Market
Orillia’s rental market faces a supply-demand imbalance, with a projected need for housing to accommodate its growing population, including young families and seniors alike. Orillia’s historically low vacancy rate continues to make the area an A-class rental investment market.
Great Location
Subject property is located in the heart of Downtown Orillia. The property is within walking distance from Orillia’s largest hospital, as well all numerous shops, grocery stores, parks, restaurants, and more. Of course the asset is also located across from Lake Simcoe.
Demographics
Orillia’s location on the shores of Lakes Simcoe and Couchiching, just an hour north of the GTA, offers a unique blend of small-town charm and urban accessibility. Its proximity to Barrie (a 30-minute drive) and easy access to highways like Highway 11 make it ideal for commuters, while its recreational offerings—cycling, golfing, and lakefront activities—attract families and retirees. This lifestyle appeal enhances the marketability of multi-family properties, drawing tenants seeking a high quality of life in a picturesque setting.
Orillia - Orillia, ON
