$ 1,500,000
184 Borland Street E
184 Borland Street E, Orillia, ON L3V2C3 Photo 1
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184 Borland Street E, Orillia

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:1945)
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Property details for 184 Borland Street E, Orillia

Type
Multi-family
Living Area
5,474 square feet
Lot Size
92.67 x 206.17 FT
Heating
Forced air, Natural gas
Cooling
Partially air conditioned
Annual Taxes
$10,628 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 184 Borland Street E

Active Listings
153
Min Price
$1
Max Price
$3,799,000
Avg Price
$703,123
Days on Market
56
days
Sold Listings
62
Min Sold Price
$1
Max Sold Price
$3,999,900
Avg Sold Price
$724,213
Days until Sold
65
days

Neighbourhood Census Data

Orillia, Ontario

Population
400
Median Age
43.5
Median Income
$28,800
Dwelling Value
$250,581

Housing Tenure

Owners 50%
Renters 47%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.2
Pop. Density: 2,945.5/km²
Avg Shelter Cost: $1,197/mo
Owners with Mortgage: 52.9%
Owners Spending 30%+: 17.6%
Tenants Spending 30%+: 68.8%
English only: 95%
English and French: 5%
Median Household Income: $51,840
Median Employment Income: $24,768

Price History

Listed
April 23, 2026
by CENTURY 21 B.J. ROTH REALTY LTD.
Current Price
$1,500,000
-3.2% from last change
Type
Multi-family
For Sale
Price Changes
1
Date Price Change
Current $1,500,000 $50,000 (-3.2%)
Jul 3, 2026 $1,550,000 Listed

Contact Agent Get in touch about 184 Borland Street E, Orillia

COLTON WEEKS
COLTON WEEKS
CENTURY 21 B.J. ROTH REALTY LTD.

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