For Sale - 28 West Street, Orillia, Ontario

Est payment $4,269/mo
Views   1
Time on Jump  16 day
  • Fully legal triplex offering strong cash flow and low operating complexity.
  • Each unit has 2 bedrooms, a living space, and separate laundry.
  • Private parking space in a desirable downtown location.
  • Projected rental income of approximately $5,600/month for solid return.
  • Walkable to shops, restaurants, and parks, ideal for attracting tenants.



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, complex 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.
Listing IDS13055234
Address28 West Street
CityOrillia, Ontario
Price$889,000
Bath3 Full
StyleInvestment
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentHeating / Cooling Gas Forced Air Open
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Listing Agency:  RIGHT AT HOME REALTY

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