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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

5 Beds

3 Baths

Save

Est. payment | -/mo

Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Orillia

MLS Listing ID S13739074

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $5,853

Tax Year 2026

Property Sub-Type Triplex

Property Description

Turnkey Investment or Live & Rent! Premium Legal Triplex with Garden Suite PotentialMaximize your real estate portfolio with this exceptionally well-maintained legal triplex, offering the perfect blend of steady rental income and premium, worry-free living. Situated in a highly desirable Orillia location, this property is just minutes from the hospital, a vibrant downtown core, and all essential amenities.The Units:Two Spacious 2-Bedroom Apartments: Bright, large layouts designed for comfortable living.One Generous 1-Bedroom Apartment: Well-proportioned and highly rentable space.Bonus: Excellent, reliable tenants are already in place and willing to stay, ensuring immediate cash flow from day one.Modern Efficiency & Premium Features:This property has been mechanically upgraded for low-maintenance ownership and peak energy efficiency. It features an on-demand tankless hot water system paired with a modern radiant water heating system. Best of all, there is no shared chore duty-every single unit enjoys its own independent laundry facilities.Massive Value-Add Potential:Sitting on an impressive and rare 212-foot deep lot, this property offers incredible future upside. Explore the possibility of expanding the existing structure or building a detached Garden Suite to add a fourth income stream!Whether you are looking for a hassle-free, high-yielding investment or want to live in one unit while letting the others pay your mortgage, this Orillia gem is a rare find.

Location

Province ON

County Simcoe

Area Simcoe

Zoning Residential

Rooms

Family Room Yes

Basement Other

Kitchen 3

Interior

Interior Features Other

Cooling None

Inclusions 3 Stoves, 3 Fridges. 3 Washers, 3 Dryers

Exterior

Parking Features Private

Garage Spaces 5.0

Pool None

Roof Type Shingles

Lot Frontage 50.64

Lot Depth 216.9

Total Parking Spaces 5

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by CASMIR REALTY

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199 Nottawasaga ST Orillia, ON L3V 3K2