Orillia Real Estate Search

Orillia Properties between $1,500,000 and $2,000,000 for Sale

Our website features the best real estate search for between $1,500,000 and $2,000,000 properties available in Orillia and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Orillia Properties between $1,500,000 and $2,000,000 for Sale

$1,999,999
S13474726 MLS
Positioned at the prominent corner of Mississaga Street and Front Street in the heart of Downtown Orillia, this exceptional investment and development opportunity is ready for your vision. The existing freestanding building offers approximately 5,288 sq. ft. of space, featuring two ground-floor commercial units and 2 upper-level apartments ideally suited for office, live/work, or residential use. Situated on a substantial lot measuring approximately 140 ft. x 88 ft., the property benefits from dual access points from Front Street and on-site parking for approximately 18 vehicles. Investors and developers will appreciate the significant future potential, including the opportunity for land assembly with neighbouring properties. The surrounding area has seen ongoing intensification and redevelopment, with zoning provisions supporting higher-density residential, mixed-use, commercial, and retail developments. The C1 zoning permits a wide range of uses, including professional offices, retail stores, restaurants, bakeries, convenience stores, financial institutions, entertainment venues, and many other commercial applications. Strategically located within walking distance of Downtown Orillia amenities, the Port of Orillia, hotels, restaurants, waterfront attractions, recreation trails, and major retail destinations, this property offers outstanding exposure, accessibility, and long-term growth potential in one of Central Ontario's most dynamic urban markets.

2 Front Street S, Orillia

$1,500,000
9 Beds 7 Baths S13034688 MLS
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.

184 Borland Street E, Orillia

$1,500,000
S13034698 MLS
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.

184 Borland Street E, Orillia

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