28 West Street
Orillia, ON
- 3 bath
- 3,369 sqft
- Investment
- 134 days on market
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.
Listing Details
- Taxes (2026)
- $5,955
- Originally Listed
- $889,000
- Listed
- April 28, 2026
Price History
Listing history
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Property
- Lot Size
- 30 x 111.76 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Coldwater Rd & West Street N
- Zoning
- DS1-5
- Parcel Number
- 586670004
- Possession
- Flexible
- Occupancy
- Vacant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- All ELF's - All Appliances - All Washer & Dryers - All Furnaces/AC Units
Community
Postal area L3V
- Population
- 48,651
- Private dwellings
- 22,293
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Orillia · last 12 months
- Median sold price
- $590,000
- Homes sold
- 536
- Median days on market
- 27
- Sale-to-list price
- 96.4%
Based on 536 recorded sales of commercial properties in Orillia over the last 12 months.
Listed by
RIGHT AT HOME REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,369 sq ft
- Price per sq ft
- $237.16
- Annual property tax
- $5,955
- Tax per sq ft
- $1.77
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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