$889,000
FOR SALE

Detached 2-Storey

Bedrooms: 6Bathrooms: 3Lot: 30.52 x 111.67 ft
2025 Taxes: $5,954.76

28 West St N
Orillia, ON L3V 5B8 | Simcoe

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.
Extras
Air Exchanger, Carpet Free, Separate Heating Controls, ERV/HRV, Water Heater Owned, Separate Hydro Meter
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Listed By RIGHT AT HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S13140550
Last Updated May 18, 2026
Property Summary
Property Type Detached

More like this:
PIN 586670004
Legal Description PT LT 1 S/S COLDWATER RD PL 8 ORILLIA AS IN RO1427647; ORILLIA
Possession Date Flexible
Taxes (2025) $5,954.76
Directions/Cross Streets Coldwater Rd & West Street N
Neighbourhood Orillia
Area Simcoe
Price History

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Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 6
Bathrooms 3
Lot 30.52 x 111.67 ft
Exterior Stucco (Plaster)
Air Conditioning Central Air, Wall Unit(s)
Fireplace/Stove Y
Basement Walk-Up, Finished, Separate Entrance, Apartment
Garage Type None
Parking Spaces 3
Heat Source Electric
Heat Type Forced Air
Sewers Sewer

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