184 Borland Street E, Orillia, ON L3V 2C3
Orillia · Near Canice Street · View map
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.
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 5000 + sq ft
- Bedrooms
- 9
- Bathrooms
- 7
- Kitchens
- 7
- Rooms
- 28
- Basement
- Finished with Walk-Out
- Lot size
- 92.7 x 206.2 ft
- Faces
- South
- View
- Water, Trees/Woods, Lake, Park/Greenbelt
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 10
- Total parking
- 10
- Parking features
- Private Double
Taxes & other
- Property taxes
- $10,628/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Canice Street
- Neighbourhood
- Orillia
More
- MLS® number
- S13034688
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The home and its surroundings
- Accessory Apartment
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
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Your commute
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Listing history for 184 Borland Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 184 Borland Street E
Answers come straight from this home’s MLS® listing.
How much is 184 Borland Street E listed for, and what would it cost each month?
184 Borland Street E is listed for $1,500,000. With 20% down ($300,000), the mortgage payment would be roughly $6,051 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,936 a month, all in. That figure is an illustration, not a quote.
Is 184 Borland Street E freehold or a condo, and is there a monthly fee?
184 Borland Street E is a multiplex in Orillia. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 184 Borland Street E have?
184 Borland Street E has 9 bedrooms and 7 bathrooms. The listing gives the style as 2-storey.
Does 184 Borland Street E have a garage and parking?
The listing does not show a garage. The driveway adds 10 spaces. In total the listing counts 10 parking spaces.
Does 184 Borland Street E have a finished basement?
The listing describes the basement as finished with walk-out. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 184 Borland Street E?
184 Borland Street E is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 184 Borland Street E, and what is the lot size?
The lot is listed as 92.7 x 206.2 ft.
How is 184 Borland Street E heated and cooled?
Heating is baseboard (gas). The listing does not show air conditioning.
What are the property taxes for 184 Borland Street E?
Property taxes are $10,628 a year (2025), or about $886 a month.
Where is 184 Borland Street E?
184 Borland Street E is in Orillia. The nearest main intersection is Canice Street. The postal code is L3V 2C3.
Is 184 Borland Street E still for sale?
Yes. It is an active listing (MLS® S13034688). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 184 Borland Street E asking?
Similar properties for sale nearby right now include 184 Borland Street E at $1,500,000, 416 Gill Street at $1,150,000 (8 bed) and 371 Barrie Road at $1,098,000 (8+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 184 Borland Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 184 Borland Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Orillia, picked by style, size and price.
Investment$1,500,000184 Borland Street E, OrilliaOrilliaCourtesy of: CENTURY 21 B.J. ROTH REALTY LTD.View home →
Fourplex$1,150,000416 Gill Street, Orillia8 bed · 4 bath · OrilliaCourtesy of: RE/MAX Jazz INC.View home →
Duplex$1,098,000371 Barrie Road, Orillia8+2 bed · 9 bath · OrilliaCourtesy of: RE/MAX HALLMARK CHAY REALTYView home →Courtesy of: CENTURY 21 B.J. ROTH REALTY LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.