About this property

EXCITING OPPORTUNITY IN THE HEART OF ORILLIA WITH MIXED USE ZONING, IDEAL FOR INVESTMENT FOCUSED BUYERS! Thinking about strengthening your investment portfolio with a downtown Orillia property that offers real long-term flexibility? Locations like this don't come around often, with shops, cafés, and dining along Mississaga Street just steps away, Couchiching Beach Park and the waterfront trail system nearby, Mariposa Market around the corner, and both the hospital and recreation centre within easy walking distance for everyday ease. Set in the heart of Orillia's downtown core, this well-cared-for non-conforming triplex is zoned DS1 and offers nearly 2,600 square feet with a versatile layout that supports commercial and residential uses. A detached rear storage building with updated shingles offers extra flexibility and has been rented in the past, while a fenced, landscaped backyard creates a rare outdoor bonus in this central location. The bachelor unit has been remodelled, including an updated kitchen and bathroom, and features exclusive heating and air conditioning controls, the three bedroom unit offers two bathrooms and in-suite laundry, and the two-bedroom unit has been updated and delivers a refreshed kitchen and bathroom along with in-suite laundry, creating comfortable, practical living spaces throughout. Heating and cooling are supported by heat pump systems alongside gas heating and a smart thermostat, complemented by an updated 75-gallon gas water tank and professional foundation repair completed by Chamelean Masonry for added confidence. Plenty of parking with space for up to six vehicles rounds out the package, making this a compelling opportunity in one of Orillia's most walkable and vibrant pockets.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	S12778976
Status	Sold
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	2,500 sq ft
Beds / Baths	5 bed · 4 bath
City	Orillia
Postal Code	L3V 4T5
Province	ON
Listed Date	March 4, 2026
Brokerage	RE/MAX HALLMARK PEGGY HILL GROUP REALTY