$889,000Asking Price
28 West Street N, Orillia, ON L3V 5B8
Orillia, Orillia
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.
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.
See MoreKey Info
- 2-Storey Detached
- 3-Car Driveway
- No Garage
- Coldwater Rd & West Street N
- 1500-2000 Approximate Sq Feet
- Finished Basement
- 3 Kitchens
- Forced Air Electric Heating
- Central Air
Property
- Lot Size 30.52 x 111.67 Feet
- Taxes were $5,954 in 2025
- Possession: Flexible
Details
- Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #S13140550
- RIGHT AT HOME REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Foyer | Upper | 3.61' x 21.98' | Tile Floor |
| 2 | Kitchen | Upper | 14.44' x 9.51' | Hardwood Floor, Large Window, Eat-in Kitchen |
| 3 | Bathroom | Upper | 6.23' x 4.43' | 3-PieceBath |
| 4 | Kitchen | Ground | 9.19' x 9.51' | Hardwood Floor, Eat-in Kitchen, Combined with Family |
| 5 | Bathroom | Ground | 5.58' x 7.38' | 3-PieceBath |
 | 1 3-Piece Bathroom on Ground Floor | |||
| 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom on Lower | |||
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Who lives here?
Orillia, Orillia is a north GTA neighbourhood.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
50%
of residents are
single and loving it.
50% singles
Orillia (50%)Renters
39%
of residents
are renters.
39% renters
Orillia (39%)Education
20%
of residents are
university grads.
20% university grads
Orillia (20%)Income
Average Household Income
$85K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 20% |
| Trades | 8% |
| Business | 7% |
| Government | 7% |
| Health | 5% |
Immigrants
9%
of residents were
born outside of Canada.
9% immigrants
Orillia (9%)Birthplace - All
2.4% from UK
All-time
Birthplace - Recent
0.1% from China
Recent
Foreign Languages
Foreign Languages
| French | 1% |
| German | 1% |
| Italian | 1% |
| Tagalog | 1% |
Religions
Religions
| Christian | 66% |
| Muslim | 1% |
| Sikh | 1% |
