Turnkey Investment or Live & Rent! Premium Legal Triplex with Garden Suite PotentialMaximize your real estate portfolio with this exceptionally well-maintained legal triplex, offering the perfect blend of steady rental income and premium, worry-free living. Situated in a highly desirable Orillia loc...ation, this property is just minutes from the hospital, a vibrant downtown core, and all essential amenities.The Units:Two Spacious 2-Bedroom Apartments: Bright, large layouts designed for comfortable living.One Generous 1-Bedroom Apartment: Well-proportioned and highly rentable space.Bonus: Excellent, reliable tenants are already in place and willing to stay, ensuring immediate cash flow from day one.Modern Efficiency & Premium Features:This property has been mechanically upgraded for low-maintenance ownership and peak energy efficiency. It features an on-demand tankless hot water system paired with a modern radiant water heating system. Best of all, there is no shared chore duty-every single unit enjoys its own independent laundry facilities.Massive Value-Add Potential:Sitting on an impressive and rare 212-foot deep lot, this property offers incredible future upside. Explore the possibility of expanding the existing structure or building a detached Garden Suite to add a fourth income stream!Whether you are looking for a hassle-free, high-yielding investment or want to live in one unit while letting the others pay your mortgage, this Orillia gem is a rare find.
Full Property Details
Interior
Bedrooms
5
Total Bedrooms
5
Washrooms
3
Square Footage
2000-2500 sqft
Basement
Other
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
Yes
Kitchens
3
Total Kitchens
3
Fireplace Features
No
Bedrooms
5
Total Bedrooms
5
Washrooms
3
Square Footage
2000-2500 sqft
Basement
Other
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
Yes
Kitchens
3
Total Kitchens
3
Fireplace Features
No
Exterior
Depth
216.9
Front
50.64
Driveway
Private
Lot Size
51 x 216.9 ft
Pool
None
Parking Spaces
5
Total Parking Spaces
5.00
Parking Description
None
Garage Spaces
5
Zoning
Residential
Depth
216.9
Front
50.64
Driveway
Private
Lot Size
51 x 216.9 ft
Pool
None
Parking Spaces
5
Total Parking Spaces
5.00
Parking Description
None
Garage Spaces
5
Zoning
Residential
Building Description
Style
2 1/2 Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
North
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Style
2 1/2 Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
North
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Community
Community
Orillia
Community
Orillia
Taxes & Fees
Taxes
$5,853 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$5,853 /yr
Tax Year
2026
Occupancy
Tenant
Room Types
Bathroom
Ceramic Floor, 4 Pc Bath
Dimensions - feet
0 sqft
Bathroom
Ceramic Floor, Window, 4 Pc Bath
Dimensions 8.83 x 5.94 feet
52.45 sqft
Bedroom 2
Laminate, Closet, Window
Dimensions 12.34 x 8.86 feet
109.33 sqft
Bedroom 3
Laminate, Window, Closet
Dimensions 12.3 x 9.61 feet
118.2 sqft
Bedroom 4
Laminate, Window, Closet
Dimensions 11.22 x 15.98 feet
179.3 sqft
Kitchen
Laminate, Window
Dimensions 15.81 x 8.92 feet
141.03 sqft
Kitchen
Laminate
Dimensions 15.91 x 5.77 feet
91.8 sqft
Kitchen
Laminate, Window
Dimensions 6.69 x 8.89 feet
59.47 sqft
Living Room
Ceramic Floor, Combined w/Living, W/O To Deck
Dimensions 10.76 x 10.07 feet
108.35 sqft
Living Room
Laminate, Window
Dimensions 7.25 x 25.49 feet
184.8 sqft
Loft
Laminate, Window
Dimensions 10.56 x 27.95 feet
295.15 sqft
Primary Bedroom
Laminate, Closet, Window
Dimensions 12.3 x 8.89 feet
109.35 sqft
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