About this property

Turnkey income opportunity in the heart of downtown Orillia. This fully legal triplex is a rare offering for investors seeking strong cash flow, low operating complexity, 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 seperate 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, complex 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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	S13055234
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	3,369 sq ft
Beds / Baths	0 bed · 3 bath
Neighbourhood	Orillia
City	Orillia
Postal Code	L3V 5B8
Province	ON
Listed Date	April 28, 2026
Days on Market	100
Price per Sq Ft	$237
Brokerage	RIGHT AT HOME REALTY