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Saturday, July 25th, 2026

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$889,000
Available - For Sale
Listing ID: S13055234
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.
Price $889,000
Taxes: $5,954.76
Tax Type: Annual
Assessment Year: 2025
Occupancy by: 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
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
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Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
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Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
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Washroom 35:  0
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Washroom 37:  0
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Washroom 39:  0
Washroom 40:  0
Washroom 41:  0
Washroom 42:  0
Washroom 43:  0
Washroom 44:  0
Washroom 45:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: F
Total Area: 3,369.1
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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RIGHT AT HOME REALTY

28 West Street North , Orillia, L3V 5B8, Simcoe

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style:
Lot Size: x 111.76(Feet)
Approximate Age:
Tax: $5,954.76
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com