About this property

Excellent investment opportunity in a highly sought-after Orillia neighbourhood. This well-maintained legal triplex offers immediate rental income along with future upside, including approved plans for a fourth unit with construction already underway. The upper level features two large, bright one-bedroom units, each with independant laundry capability, freshly painted interiors, updated flooring, and modern bathrooms. Both are vacant and move-in ready, ideal for optimizing rental strategy or owner occupancy. The main floor includes a third one-bedroom unit, currently occupied by a reliable long-term tenant at market rent, as well as a large storage area that is roughed-in and presents clear potential for conversion into a fourth unit (see attached plans). A full utility room adds further functionality. Additional highlights include an outbuilding for storage or future use, three separate hydro meters, private entrances, dedicated parking for each unit, updated vinyl windows, and a prime location close to shopping, transit, the hospital, and parks. Whether expanding an existing portfolio or entering the investment market, this property represents a versatile, income-producing asset in a strong and stable rental area.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	S12721560
Status	Sold
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	3,000 sq ft
Beds / Baths	3 bed · 3 bath
City	Orillia
Postal Code	L3V 3T1
Province	ON
Listed Date	March 3, 2026
Brokerage	CENTURY 21 B.J. ROTH REALTY LTD.