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$ 599,999

Est. payment | -/mo

4 Beds

3 Baths

Save

$ 599,999

Est. payment | -/mo

Save

4 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Orillia

MLS Listing ID S13010518

Style 2-Storey

Bedrooms 4

Annual Tax Amount $3,140

Tax Year 2025

Property Sub-Type Triplex

Property Description

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.

Location

Province ON

County Simcoe

Area Simcoe

Zoning HC2 Health Care Two (see attachment)

Rooms

Family Room Yes

Basement Apartment, Finished with Walk-Out

Kitchen 3

Interior

Interior Features On Demand Water Heater

Cooling None

Inclusions All Elf's, Existing Window Coverings, Appliances; 3 Fridges, 3 Stoves, Stacked Washer & Dryer. 2 Separate Panels and Meters.

Exterior

Parking Features Private

Pool None

Roof Type Flat,Metal

Lot Frontage 50.0

Lot Depth 90.0

Total Parking Spaces 4

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by HOMELIFE/MIRACLE REALTY LTD

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143 Colborne ST W Orillia, ON L3V 5B8