184 BORLAND STREET E

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: class="container" id="details-container",550,000
• Interior size: 5,474 sqft
• Lot size: 92.67 x 206.17 FT
• Parking: 10
• Listing key: 29645791

Listing overview

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 class="container" id="details-container",550,000, representing a 6.21% cap rate. Operating expenses of $30,946.36 reflect a combination of actual and projected costs, resulting...