72 First Street
Orangeville, L9W 2E4
FOR SALE
$12,500,000
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Investment
CATEGORY 132 x 328
LOT SIZE W14119252
MLSID Contact Us
Property Description
PRIME MULTI-RESIDENTIAL INVESTMENT OPPORTUNITY 34-Unit, 23 - 2 Bdrm, 10 - 1 Bdrm, 1 - Bach. Concrete Apartment Building | Orangeville, Ontario. Exceptional opportunity to acquire a well-maintained, solidly constructed 34-unit concrete apartment building situated in a desirable and established neighborhood in Orangeville, Ontario. This quality multifamily investment property has benefited from significant capital improvements, including a roof replacement, upgraded Lochinvar boiler heating system, concrete balcony restoration, and replacement of balcony railings, contributing to the building's long-term durability and operational efficiency. The property features recently renovated common areas and 25 updated residential suites, offering modern finishes and desirable amenities, including in-suite washers and dryers and dishwashers. These improvements enhance resident comfort, convenience, and the property's overall rental appeal. Professionally managed and efficiently operated, the building benefits from an experienced on-site superintendent, providing streamlined day-to-day operations and making it an attractive investment for both established and first-time multifamily investors. Strategically located in a sought-after residential neighbourhood, the property offers convenient access to Headwaters Health Care Centre, shopping centres, restaurants, commercial retail, and essential community amenities. A rare opportunity to acquire a substantial, extensively improved multifamily asset in the growing Orangeville community, combining quality concrete construction, significant capital upgrades, modernized residential accommodations, and professional on-site management. An outstanding addition to any real estate investment portfolio, offering long-term income potential, operational stability, and investment appeal.
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Property Details
Address
72 First Street
Community
City
Postal Code
L9W 2E4
Property Type
Investment, Investment
Use
Apartment
Zoning
RM2
Lot Size
132' x 328'
Taxes
$51,826 (2025
Heat Type
Water Radiators
Water
Municipal
Parking Spaces
38
Garage Type
None
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Listing contracted with Leaf And Palm Realty Corp.
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