28 West ST N, Orillia, ON L3V 5B8
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28 West ST N, Orillia, ON L3V 5B8
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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Christian Prost

Christian Prost

+1(705) 970-5361
$ 799,000
Est. payment /mo
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Active Under Contract

28 West ST N Orillia, ON L3V 5B8

6 Beds

3 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Orillia

MLS Listing ID S13140550

Style 2-Storey

Bedrooms 6

Annual Tax Amount $5,954

Tax Year 2025

Property Sub-Type Detached

Property Description

Turnkey Residential income opportunity in the heart of downtown Orillia. This Brand new fully renovated never lived in 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, 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.

Location

Province ON

County Simcoe

Area Simcoe

Rooms

Family Room No

Basement Walk-Up, Finished, Separate Entrance, Apartment

Kitchen 3

Interior

Interior Features Air Exchanger, Carpet Free, Separate Heating Controls, ERV/HRV, Water Heater Owned, Separate Hydro Meter

Cooling Central Air, Wall Unit(s)

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Rolled

Lot Frontage 30.28

Lot Depth 111.76

Total Parking Spaces 3

Building

Foundation Poured Concrete

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY

NEARBY SCHOOLS & PROPERTIES

Christian Prost

Christian Prost

License ID: 5049525

+1(705) 970-5361

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28 West ST N