Description
A rare opportunity to own a legal, income-producing triplex in the heart of Orillia. Set on a generous lot with ample surface parking, this property offers self-contained units, each with its own entrance, kitchen, and bathroom, plus shared coin laundry for added convenience and revenue. The unit mix includes two 2-bedroom units, one 1-bedroom unit, and a finished basement. Two of the units are occupied month to month, providing immediate cash flow, while one unit sits vacant, giving a new owner full control to set market rents from day one. For first-time buyers or owner-occupants, the layout also allows you to live in one unit while tenant income from the others helps offset your own housing costs.The location works hard for both tenants and owners, with downtown shopping, schools, the hospital, parks, and quick highway access all just steps away. Big-ticket maintenance is already handled too, with a new roof installed in 2024. The property is being sold move-in ready, with all three stoves, three fridges, washer, dryer, and light fixtures included.Whether you're an investor looking or a buyer wanting to offset your mortgage with rental income, this triplex offers flexibility and long-term value in one of Orillia's most convenient locations. Book your showing today - opportunities like this don't sit long. (id:13843)
Details
| MLS # | S13771100 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 51 |
| Listing Provided By | CENTURY 21 B.J. ROTH REALTY LTD. | GORD JAENSCH |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,100 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat, Natural gas |
| Appliances | Refrigerator, Stove |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Stone |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 6 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5049 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V5C3 |
| Listing VS Median (in L3V5C3) | |
Price: $624,900 low | high Med: $624,900 sqft: 1,100 low | high Med: 1,100 $ / sqft: $568 low | high Med: $568 On site: 51 low | high Med: 51 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V5C3 |
| Listing VS Median (in L3V5C3) | |
Price: $624,900 low | high Med: $624,900 sqft: 1,100 low | high Med: 1,100 $ / sqft: $568 low | high Med: $568 On site: 51 low | high Med: 51 | |
