28 West Street N, Orillia, ON L3V 5B8
Orillia, ON, L3V 5B8 · Orillia
About this property
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.
Features & Amenities
- Basement: Walk-Up, Finished, Separate Entrance, Apartment
- Garage: None
- Cooling: Central Air, Wall Unit(s)
- Heat Type: Forced Air
- Heat Source: Electric
- Style: 2-Storey
- Construction: Stucco (Plaster)
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 2-Storey |
| Bedrooms | 6 |
| Bathrooms | 3 |
| Basement | Walk-Up, Finished, Separate Entrance, Apartment |
| Garage | None |
| Parking Spaces | 3 |
| Heat Type | Forced Air |
| Heat Source | Electric |
| Cooling | Central Air, Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $5,955 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Air Exchanger, Carpet Free, Separate Heating Controls, ERV/HRV, Water Heater Owned, Separate Hydro Meter
- Fireplace
- Yes
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Stucco (Plaster)
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Rolled
- Basement
- Walk-Up, Finished, Separate Entrance, Apartment
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Electric
- Cooling
- Central Air, Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 3
- Parking Total
- 3.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 111.76
- Lot Width
- 30.28
Financial & Tax
- Tax Annual Amount
- $5,955
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 15
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Vacant
- Direction Faces
- West
- County Or Parish
- Simcoe
- Cross Street
- Coldwater Rd & West Street N
- Directions
- Coldwater Rd & West Street N
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
28 West Street N, Orillia, ON L3V 5B8, Orillia, ON, L3V 5B8