$889,000
Available - For Sale
Listing ID: S13140550
28 West Street North , Orillia, L3V 5B8, Simcoe
| 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: | $5954.76 |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 28 West Street North , Orillia, L3V 5B8, Simcoe |
| Directions/Cross Streets: | Coldwater Rd & West Street N |
| Rooms: | 15 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| 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 | 10.5 | 8.86 | Tile Floor, Eat-in Kitchen, Combined w/Living |
| Room 14 | Lower | Bedroom | 8.2 | 9.84 | Tile Floor, Above Grade Window |
| Room 15 | Lower | Bedroom 2 | 9.84 | 10.5 | Tile Floor, Above Grade Window, Closet |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Ground |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 3 | Lower |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Ground |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 3 | Lower |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | Ground |
| Washroom Type 12 | 3 | Second |
| Washroom Type 13 | 3 | Lower |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 3 | Ground |
| Washroom Type 17 | 3 | Second |
| Washroom Type 18 | 3 | Lower |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| 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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Bus:
416-548-7854
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416-981-7184
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Simcoe |
| Municipality: | Orillia |
| Neighbourhood: | Orillia |
| Style: | 2-Storey |
| Tax: | $5,954.76 |
| Beds: | 6 |
| Baths: | 3 |
| Fireplace: | Y |
| Pool: | None |
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