199 Nottawasaga Street, Orillia, ON L3V 3K2
Orillia, ON, L3V 3K2 · Orillia
About this property
Turnkey Investment or Live & Rent! Premium Legal Triplex with Garden Suite PotentialMaximize your real estate portfolio with this exceptionally well-maintained legal triplex, offering the perfect blend of steady rental income and premium, worry-free living. Situated in a highly desirable Orillia location, this property is just minutes from the hospital, a vibrant downtown core, and all essential amenities.The Units:Two Spacious 2-Bedroom Apartments: Bright, large layouts designed for comfortable living.One Generous 1-Bedroom Apartment: Well-proportioned and highly rentable space.Bonus: Excellent, reliable tenants are already in place and willing to stay, ensuring immediate cash flow from day one.Modern Efficiency & Premium Features:This property has been mechanically upgraded for low-maintenance ownership and peak energy efficiency. It features an on-demand tankless hot water system paired with a modern radiant water heating system. Best of all, there is no shared chore duty-every single unit enjoys its own independent laundry facilities.Massive Value-Add Potential:Sitting on an impressive and rare 212-foot deep lot, this property offers incredible future upside. Explore the possibility of expanding the existing structure or building a detached Garden Suite to add a fourth income stream!Whether you are looking for a hassle-free, high-yielding investment or want to live in one unit while letting the others pay your mortgage, this Orillia gem is a rare find.
Features & Amenities
- Basement: Other
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Gas
- Style: 2 1/2 Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 2 1/2 Storey |
| Bedrooms | 5 |
| Bathrooms | 3 |
| Basement | Other |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $5,853 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2 1/2 Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Shingles
- Basement
- Other
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- None
- Heating
- Yes
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
- Parking Total
- 5.00
- Parking Features
- Private
- Covered Spaces
- 5
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 216.90
- Lot Width
- 50.64
Financial & Tax
- Tax Annual Amount
- $5,853
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 14
- Rooms Total
- 16
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Simcoe
- Cross Street
- Nottawasaga St/Cameron St
- Directions
- Nottawasaga St/Cameron St
- Special Designation
- Unknown
- Showing Requirements
- List Salesperson
Location
199 Nottawasaga Street, Orillia, ON L3V 3K2, Orillia, ON, L3V 3K2