28 WEST STREET N, Orillia, ON L3V5B8
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28 WEST STREET N, Orillia, ON L3V5B8
28 WEST STREET N, Orillia, ON L3V5B8
28 WEST STREET N, Orillia, ON L3V5B8
28 WEST STREET N, Orillia, ON L3V5B8
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Jordan Rossman

Jordan Rossman

+1(705) 345-0797
$ 889,000
Est. payment /mo
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Active

28 WEST STREET N Orillia, ON L3V5B8

6 Beds

3 Baths

1,500 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $592

Subdivision Orillia

MLS® Listing ID S13140550

Bedrooms 6

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Lower level 5.2 m X 5.2 m Living room

Extra Room 2 Lower level 3.2 m X 2.7 m Kitchen

Extra Room 3 Lower level 2.5 m X 3 m Bedroom

Extra Room 4 Lower level 3 m X 3.2 m Bedroom 2

Extra Room 5 Lower level 3 m X 1.5 m Bathroom

Extra Room 6 Upper Level 1.1 m X 6.7 m Foyer

Interior

Heating Forced air

Cooling Central air conditioning, Wall unit, Air exchanger

Flooring Tile, Hardwood

Fireplaces Number 1

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

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NEARBY SCHOOLS & PROPERTIES

Jordan Rossman

Jordan Rossman

+1(705) 345-0797

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