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    For Sale - 143 Colborne Street, Orillia, Ontario

    Est payment $2,881/mo
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    Time on Jump  2 day

    AI Summary *

    • Legal triplex next to a hospital with strong cash flow potential.
    • Projected rental income over $5,000 monthly makes it a great investment.
    • Three self-contained units, including a newly finished basement apartment.
    • Generously sized lot allows for potential garage or additional structures.
    • Close to downtown and major highways, perfect for tenants and commuters.




    Positioned directly beside orillia soldiers' memorial hospital, this fully legal triplex offers a rare combination of strong cash flow, flexible zoning, and long term upside. With projected rental income exceeding $5,000 per month, this property stands out as a strategic investment opportunity. The building features three self contained units, including a newly finished basement apartment and a renovated two bedroom suite with updated windows and doors. In total, the property offers one two bedroom unit and two one bedroom units, appealing to a wide range of tenants in a high demand rental area driven by healthcare and local amenities. Set on a generously sized lot, there is ample space to explore the addition of a garage or accessory structure, adding further value. Parking for four or more vehicles enhances tenant convenience. Zoned hc2, one of the most versatile designations in orillia, this property opens the door to a variety of permitted uses beyond residential, giving investors flexibility for future repositioning or mixed use potential. Located just minutes from downtown orillia, tenants will enjoy easy access to the waterfront, parks, shops, and everyday essentials, along with quick connections to highways 11 and 12 for commuters. This is a rare opportunity to secure a high performing, legally designated triplex in a location that supports both strong rental demand and future growth.
    Listing IDS13010518
    Address143 Colborne Street
    CityOrillia, Ontario
    Price$599,999
    Bed / Bath4 / 3 Full
    Style2-Storey, Triplex
    ConstructionBoard & Batten
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features On Demand Water HeaterAmenities Hospital, Level, Public Transit, Rec./Commun.Centre, School Bus Route, Place Of WorshipOwnership FreeholdBasement Apartment, Finished with Walk-OutFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Agency:  HOMELIFE/MIRACLE REALTY LTD

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
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    Place of Worship
    Please select an amenity above to view a list.

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    143 Colborne Street
    Orillia , Ontario
    4 3 $599,999
    Get more info