$889,000
Available - For Sale
Listing ID: S13055234
28 West Street North , Orillia, L3V 5B8, Simcoe
| Turnkey income opportunity in the heart of downtown Orillia. This fully legal triplex is a rare offering for investors seeking strong cash flow, low operating complexity, 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 seperate 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, each unit includes 2 dedicated parking spaces 6 total -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 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 28 West Street North , Orillia, L3V 5B8, Simcoe |
| Postal Code: | L3V 5B8 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 1 S/S COLDWATER RD PL 8 ORILLIA AS |
| Directions/Cross Streets: | Coldwater Rd & West Street N |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | F |
| Total Area: | 3369.10 |
| Total Area Code: | Square Feet |
| Washrooms: | 3 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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Austin Sold Group Inc
Broker
Dir:
6479397174
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Orillia |
| Neighbourhood: | Orillia |
| Tax: | $5,954.76 |
| Baths: | 3 |
| Fireplace: | N |
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