184 Borland Street E, Orillia, ON L3V 2C3
Orillia, ON L3V 2C3
Quick cost estimateKnown monthly subtotal$7,864.93 / monthLand transfer tax $26,475One-time estimate
Quick cost estimate
$7,864.93 / monthKnown monthly subtotal
- Mortgage principal & interest
- $6,979.26
- Property tax / month
- $885.67
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $26,475
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $26,475
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
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.
Home details
- Days on market
- Not reported
- Property type
- Investment
- MLS® number
- S13034698
- Source status
- Extension
- Postal code
- L3V 2C3
- Building area (total)
- 5,474 sq ft
- Lot depth
- 206.17 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Tenant
- Possession type
- Immediate
- Garage
- None
- Annual property tax
- 10628
- Heating system
- Gas Forced Air Open
- Cooling
- Partial
- Utility services
- Yes
- MLS entry age (not confirmed DOM)
- 197 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Reported utility services
- Yes
- Heating system
- Gas Forced Air Open
- Cooling
- Partial
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
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Converted measurements are approximate. Levels and dimensions are shown only when supplied.
Room-count details have not been supplied for this listing.
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Listing dates & price record
- Asking amount
- $1,500,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Around this property
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Property questions
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Home and neighbourhood overview
184 Borland Street E, Orillia, ON L3V 2C3, Orillia is listed for sale as a Investment. Asking price: $1,500,000. Occupancy is reported as Tenant. MLS® S13034698.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: CENTURY 21 B.J. ROTH REALTY LTD.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® S13034698. Information deemed reliable but not guaranteed.