28 West Street N Orillia, Ontario L3V 5B8
$889,000
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. (id:61852)
Property Details
| MLS® Number | S13140550 |
| Property Type | Single Family |
| Community Name | Orillia |
| Features | Carpet Free |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, All, Dryer, Washer |
| BasementDevelopment | Finished |
| BasementFeatures | Walk-up, Separate Entrance, Apartment In Basement |
| BasementType | N/a, N/a (finished), N/a, N/a |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning, Wall Unit, Air Exchanger |
| ExteriorFinish | Stucco |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FlooringType | Tile, Hardwood |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 111 Ft ,8 In |
| SizeFrontage | 30 Ft ,6 In |
| SizeIrregular | 30.5 X 111.7 Ft |
| SizeTotalText | 30.5 X 111.7 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Living Room | 5.2 m | 5.2 m | 5.2 m x 5.2 m |
| Lower Level | Kitchen | 3.2 m | 2.7 m | 3.2 m x 2.7 m |
| Lower Level | Bedroom | 2.5 m | 3 m | 2.5 m x 3 m |
| Lower Level | Bedroom 2 | 3 m | 3.2 m | 3 m x 3.2 m |
| Lower Level | Bathroom | 3 m | 1.5 m | 3 m x 1.5 m |
| Upper Level | Foyer | 1.1 m | 6.7 m | 1.1 m x 6.7 m |
| Upper Level | Living Room | 2.9 m | 6 m | 2.9 m x 6 m |
| Upper Level | Kitchen | 4.4 m | 2.9 m | 4.4 m x 2.9 m |
| Upper Level | Bedroom | 2.9 m | 4.8 m | 2.9 m x 4.8 m |
| Upper Level | Bedroom 2 | 2.9 m | 2.9 m | 2.9 m x 2.9 m |
| Upper Level | Bathroom | 1.9 m | 1.35 m | 1.9 m x 1.35 m |
| Ground Level | Bathroom | 1.7 m | 2.25 m | 1.7 m x 2.25 m |
| Ground Level | Living Room | 4.2 m | 4.7 m | 4.2 m x 4.7 m |
| Ground Level | Kitchen | 2.8 m | 2.9 m | 2.8 m x 2.9 m |
| Ground Level | Bedroom | 3 m | 2.1 m | 3 m x 2.1 m |
| Ground Level | Bedroom 2 | 3.5 m | 4.2 m | 3.5 m x 4.2 m |
https://www.realtor.ca/real-estate/29766465/28-west-street-n-orillia-orillia
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Andrew Pisani
Salesperson
1550 16th Avenue Bldg B Unit 3 & 4
Richmond Hill, Ontario L4B 3K9
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May 18 2026 01:35:36
Toronto Real Estate Board
Right At Home Realty