28 WEST STREET N, ORILLIA

2026-04-29
 

Quick Summary

Location
28 WEST STREET N, ORILLIA, Ontario L3V5B8
Price
$889,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
3369 sqft
Bathrooms:
3

MLS®#S13055234

Property Description

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. (id:32467)

Property Features

Building

  • Appliances: All, Dryer, Washer
  • Cooling Type: Fully air conditioned
  • Fireplace: No
  • Interior Size: 3369 sqft
  • Building Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Land Size: Bldg=30 x 111.76 FT

Zoning

  • Description: DS1-5

Information entered by RIGHT AT HOME REALTY
Listing information last updated on: 2026-05-29 13:04:06


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Q
What is the deal exactly, with One Percent ?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

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What do you charge?

We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.

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Learn more about the One Percent Realty Deal

 

Tammy Wigley Salesperson

Phone:
(705) 790-1340
Mobile:
(705) 790-1340
Email:
wigleyrealestate@yahoo.ca
Support Area:
Barrie, Simcoe County, Angus, Essa, Alliston, Innisfil, Oro, Orillia

I have worked in the real estate industry for the past 10 years. In this time, along with my husband ...

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Karen Yurkiw Salesperson

Phone:
705-796-6433
Email:
karens4us@yahoo.ca
Support Area:
Barrie, Springwater, Angus, Orillia, Oro-Medonte, Innisfil, wasaga beach

I've been involved in the Real Estate industry for 35+ years; selling New Homes - new builds, condom ...

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Sue Nori REALTOR®

Phone:
705-333-9109
Email:
SueNoriRealEstate@gmail.com
Support Area:
Barrie, Orillia, Kawartha Lakes, Muskoka, Gravenhurst, Bracebridge, Angus, Minden, Haliburton, Midland, Penetanguishene, Tay township

Sue Nori - Team Nori RealtySIMCOE/MUSKOKA/KAWARTHA LAKES REALTOR®What makes Sue unique ...

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