28 West Street N, Orillia, ON L3V 5B8
Orillia
Turnkey Residential income opportunity in the heart of downtown Orillia. This Brand new fully renovated never lived in 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, 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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 28 West Street N, Orillia, ON L3V 5B8
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MLS# S13140550
Listed by RIGHT AT HOME REALTY
On market since May 18, 2026
28 West Street N, Orillia, ON L3V 5B8 is listed for $799,000 CAD.
28 West Street N, Orillia, ON L3V 5B8 has 6 bedrooms and 3 bathrooms.
28 West Street N, Orillia, ON L3V 5B8 is a Detached.
28 West Street N, Orillia, ON L3V 5B8 is in Orillia, Ontario.
28 West Street N, Orillia, ON L3V 5B8 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 28 West Street N, Orillia, ON L3V 5B8 (MLS# S13140550). You can also send a message through the contact form on this site.
