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81 & 85 Peter Street
Orillia Simcoe L3V 5B3

$1,500,000 /For Sale
Commercial

Main Photo: 81 & 85 Peter Street in Simcoe: Orillia Commercial for sale : MLS®# S12286177
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
S12286177
Bus Major:
Apts - 6 To 12 Units
Going-in cap rate of 6.1% cap rate + approx 35%+ lift on overall rent roll. An add-value investors ideal next project. 2 buildings, 12-units (7x 1b & 5x bach). Built with durable Concrete/block construction. Laundry on site. 10 parking spots. Located downtown Orillia and 3-minute drive from Hwy 11 and Costco.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
6000 sq. ft. Square Feet
Total Area:
6,000 sq. ft.
Depth:
64'
Frontage:
95'
Water supply:
Municipal
Zoning:
MULTI RESIDENTIAL
Heating type:
Water Radiators
Garage:
Outside/Surface
Possession Details:
Flexible/TBA
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$14,588 / 2025
Assessment:
$- / -
Orillia
Orillia
Simcoe
Furnace & Hot Water Tank
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Partial
Seller Property Info Statement:
No
Financial Statements:
No
Gross income:
$148,344
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$2,275
Hydro Expenses:
$6,291
Insurance Expenses:
$5,706
Tax Expenses:
$14,588
Other Expenses:
$3,384
Water Expenses:
$6,262
Year Expenses:
2024
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Franchise:
No
Chattels:
No
Date Listed:
Jul 15, 2025
Original Price:
Previous Price:
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Listed by MYSAK REALTY INC.
Data was last updated July 16, 2025 at 06:15 AM (UTC)
DARYL  KING
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Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.