Property Information:

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. (id:27)

Building Features:

Style: Detached
Building Type: House
Amenities: Separate Heating Controls, Separate Hydro Meters
Basement Development: Finished
Basement Type: N/A, N/A, N/A, N/A
Construction Style - Attachment: Detached
Exterior Finish: Stucco
Fireplace: Yes
Floor Space: 1500 - 2000 sqft
Flooring Type: Tile, Hardwood
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Electric
Cooling Type: Central air conditioning, Wall unit, Air exchanger
Appliances: All, Dryer, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 6
Bathrooms: 3
Features: Carpet Free
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 111.8 Feet
Lot Frontage: 30.2 Feet
Lot Size: 30.3 x 111.8 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Rooms:

Living Lower Level 5.20 m x 5.20 m
Kitchen Lower Level 3.20 m x 2.70 m
Bedroom Lower Level 2.50 m x 3.00 m
2nd Bedroom Lower Level 3.00 m x 3.20 m
Bathroom Lower Level 3.00 m x 1.50 m
Foyer Upper Level 1.10 m x 6.70 m
Living Upper Level 2.90 m x 6.00 m
Kitchen Upper Level 4.40 m x 2.90 m
Bedroom Upper Level 2.90 m x 4.80 m
2nd Bedroom Upper Level 2.90 m x 2.90 m
Bathroom Upper Level 1.90 m x 1.35 m
Bathroom Ground Level 1.70 m x 2.25 m
Living Ground Level 4.20 m x 4.70 m
Kitchen Ground Level 2.80 m x 2.90 m
Bedroom Ground Level 3.00 m x 2.10 m
2nd Bedroom Ground Level 3.50 m x 4.20 m

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Courtesy of: RIGHT AT HOME REALTY

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Demographic Information of 28 WEST STREET N, Orillia, Ontario, L3V 5B8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$66,542.31

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.91 %

High school certificate or equivalent

36.43 %

Apprenticeship trade certificate/diploma

5.57 %

College/non-university certificate

22.53 %

University certificate (below bachelor)

0.32 %

University Degree

9.24 %

Commuter

Travel To Work

By Car

67.91 %

By Public Transit

10.32 %

By Walking

20.61 %

By Bicycle

1.16 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

70.52 %

Houses

29.48 %

28 WEST STREET N, Orillia, Ontario, L3V 5B8