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    For Sale - 28 West Street, Orillia, Ontario

    Est payment $4,269/mo
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    Time on Jump  1 days

    AI Summary *

    • Newly renovated triplex with never-before-lived-in units ready for occupancy.
    • Each unit features 2 bedrooms, living space, and laundry for tenant convenience.
    • Separate gas and hydro meters reduce landlord expenses and enhance tenant independence.
    • Private parking at the rear adds value in a central downtown location.
    • Potential for strong rental income with options for investors or owner-occupants.




    Turnkey income opportunity in the heart of downtown orillia. This brand new fully renovated never live in fully 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, 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 IDS13140550
    Address28 West Street
    CityOrillia, Ontario
    Price$889,000
    Bed / Bath6 / 3 Full
    Style2-Storey, Detached
    ConstructionStucco (Plaster)
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Air Exchanger, Carpet Free, Separate Heating Controls, ERV/HRV, Water Heater Owned, Separate Hydro MeterOwnership FreeholdBasement Walk-Up, Finished, Separate Entrance, ApartmentFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

    Parking 3.00
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    Listing Agency:  RIGHT AT HOME REALTY

    * 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.

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    28 West Street
    Orillia , Ontario
    6 3 $889,000
    Get more info