143 Colborne Street W Orillia, Ontario L3V 5B8
$599,999
Positioned directly beside Orillia Soldiers' Memorial Hospital, this fully legal triplex offers a rare combination of strong cash flow, flexible zoning, and long term upside. With projected rental income exceeding $5,000 per month, this property stands out as a strategic investment opportunity.The building features three self contained units, including a newly finished basement apartment and a renovated two bedroom suite with updated windows and doors. In total, the property offers one two bedroom unit and two one bedroom units, appealing to a wide range of tenants in a high demand rental area driven by healthcare and local amenities.Set on a generously sized lot, there is ample space to explore the addition of a garage or accessory structure, adding further value. Parking for four or more vehicles enhances tenant convenience.Zoned HC2, one of the most versatile designations in Orillia, this property opens the door to a variety of permitted uses beyond residential, giving investors flexibility for future repositioning or mixed use potential.Located just minutes from downtown Orillia, tenants will enjoy easy access to the waterfront, parks, shops, and everyday essentials, along with quick connections to Highways 11 and 12 for commuters.This is a rare opportunity to secure a high performing, legally designated triplex in a location that supports both strong rental demand and future growth. (id:61852)
Property Details
| MLS® Number | S13010518 |
| Property Type | Multi-family |
| Community Name | Orillia |
| AmenitiesNearBy | Hospital, Public Transit, Place Of Worship |
| CommunityFeatures | Community Centre, School Bus |
| EquipmentType | Water Heater, Furnace, Water Heater - Tankless |
| Features | Level Lot |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater, Furnace, Water Heater - Tankless |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Age | 51 To 99 Years |
| Appliances | Water Heater - Tankless, Dryer, Stove, Washer, Window Coverings, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement, Walk Out |
| BasementType | N/a, N/a (finished) |
| CoolingType | None |
| ExteriorFinish | Wood |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1100 - 1500 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Public Transit, Place Of Worship |
| Sewer | Sanitary Sewer |
| SizeDepth | 90 Ft |
| SizeFrontage | 50 Ft |
| SizeIrregular | 50 X 90 Ft |
| SizeTotalText | 50 X 90 Ft |
| ZoningDescription | Hc2 Health Care Two (see Attachment) |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.7 m | 2.79 m | 4.7 m x 2.79 m |
| Second Level | Bedroom 2 | 3.1 m | 2.54 m | 3.1 m x 2.54 m |
| Second Level | Bathroom | 3.73 m | 2.31 m | 3.73 m x 2.31 m |
| Lower Level | Living Room | 2.87 m | 4.18 m | 2.87 m x 4.18 m |
| Lower Level | Bedroom | 3.07 m | 1.85 m | 3.07 m x 1.85 m |
| Lower Level | Kitchen | 2.13 m | 3.19 m | 2.13 m x 3.19 m |
| Main Level | Living Room | 3.25 m | 5.23 m | 3.25 m x 5.23 m |
| Main Level | Kitchen | 3.76 m | 5.23 m | 3.76 m x 5.23 m |
| Main Level | Living Room | 2.74 m | 4.75 m | 2.74 m x 4.75 m |
| Main Level | Kitchen | 2.13 m | 3.19 m | 2.13 m x 3.19 m |
| Main Level | Primary Bedroom | 3.02 m | 3.45 m | 3.02 m x 3.45 m |
| Main Level | Bathroom | 1.45 m | 2.16 m | 1.45 m x 2.16 m |
https://www.realtor.ca/real-estate/29618702/143-colborne-street-w-orillia-orillia
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Morres Chelebi
Salesperson
11a-5010 Steeles Ave. West
Toronto, Ontario M9V 5C6
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April 17 2026 05:36:13
Toronto Real Estate Board
Homelife/miracle Realty Ltd