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$889,000
Available - For Sale
Listing ID: S13140550
Turnkey Residential income opportunity in the heart of downtown Orillia. This Brand new fully renovated never lived in Multi Use legal triplex is a rare offering for investors and Home Ownership seeking strong cash flow, low operating costs, and long-term appreciation. Each of the three self-contained units features 2 bedrooms, 1 living space, and a 3-piece bathroom, along with a separate laundry for each suite and all appliances inclusive (stove & fridge). Designed for tenant comfort and independence, every unit also benefits from separate gas and hydro meters, significantly reducing landlord expenses. Adding to its appeal, includes Private parking space at rear of building -a highly desirable feature in a central downtown location. Projected rental income based on current market conditions is approximately $5,600/month ($67,200 annually), delivering a strong ~5.7%-6.0% cap rate depending on purchase price. This makes the property ideal for investors looking for immediate income with upside potential. Flexible ownership options allow you to rent all three units for maximum cash flow, or live in one unit while the others offset your mortgage, making it equally attractive for owner-investors. Situated steps to Orillia's vibrant downtown core, tenants enjoy easy access to shops, restaurants, waterfront parks, and major amenities, supporting consistent rental demand and long-term stability. A clean, efficient, income-producing asset in a growing market-this is the type of property serious investors look for.
Price $889,000
Taxes: $5,954.76
Assessment Year: 2025
Occupancy by: Vacant
Address: 28 West Street North , Orillia, L3V 5B8, Simcoe
Directions/Cross Streets: Coldwater Rd & West Street N
Rooms: 15
Bedrooms: 6
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Walk-Up
Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Upper Foyer 3.61 21.98 Tile Floor
Room 2: Upper Living Ro 9.51 19.68 Hardwood Floor, Fireplace Insert
Room 3: Upper Kitchen 14.43 9.51 Hardwood Floor, Large Window, Eat-in Kitchen
Room 4: Upper Bedroom 9.51 15.74 Hardwood Floor, Large Window, Closet
Room 5: Upper Bedroom 2 9.51 9.51 Hardwood Floor, Large Window, Closet
Room 6: Upper Bathroom 6.23 4.43 3 Pc Bath
Room 7: Ground Living Ro 13.78 15.42 Hardwood Floor, Large Window
Room 8: Ground Kitchen 9.18 9.51 Hardwood Floor, Eat-in Kitchen, Combined w/Family
Room 9: Ground Bedroom 9.84 6.89 Hardwood Floor, Large Window
Room 10: Ground Bedroom 2 11.48 13.78 Hardwood Floor, Large Window, Closet
Room 11: Ground Bathroom 5.58 7.38 3 Pc Bath
Room 12: Lower Living Ro 17.06 17.06 Tile Floor, Large Window
Room 13: Lower Kitchen 10.50 8.86 Tile Floor, Eat-in Kitchen, Combined w/Living
Room 14: Lower Bedroom 8.20 9.84 Tile Floor, Above Grade Window
Room 15: Lower Bedroom 2 9.84 10.50 Tile Floor, Above Grade Window, Closet
No. of Pieces Level
Washroom 1:  3 Ground
Washroom 2:  3 Second
Washroom 3:  3 Lower
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Ground
Washroom 7:  3 Second
Washroom 8:  3 Lower
Washroom 9:  0
Washroom 10:  0
Washroom 11:  3 Ground
Washroom 12:  3 Second
Washroom 13:  3 Lower
Washroom 14:  0
Washroom 15:  0
Washroom 16:  3 Ground
Washroom 17:  3 Second
Washroom 18:  3 Lower
Washroom 19:  0
Washroom 20:  0
Property Type: Detached
Style: 2-Storey
Exterior: Stucco (Plaster)
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 3
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RIGHT AT HOME REALTY

28 West Street North , Orillia, L3V 5B8, Simcoe

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Maria Tompson
Sales Representative
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Type: Freehold - Detached
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style: 2-Storey
Lot Size: x 111.67(Feet)
Approximate Age:
Tax: $5,954.76
Maintenance Fee: $0
Beds: 6
Baths: 3
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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