28 West ST N, Orillia, ON L3V 5B8
28 West ST N, Orillia, ON L3V 5B8
28 West ST N, Orillia, ON L3V 5B8
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Lauren Johnston

Lauren Johnston

+1(705) 321-0091
$889,000
Est. payment /mo
3 Baths
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Orillia

MLS Listing ID S13055234

Annual Tax Amount $5,954

Tax Year 2026

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Simcoe

Area Simcoe

Zoning C1

Interior

Cooling Yes

Inclusions All ELF's - All Appliances - All Washer & Dryers - All Furnaces/AC Units

Exterior

Parking Features Outside/Surface

Utilities Available Available

Building

Lot Description Building

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Lited by RIGHT AT HOME REALTY

Nearby Locations

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Lauren Johnston

Lauren Johnston

+1(705) 321-0091

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