199 Nottawasaga Street
Orillia, ON
- 5 bed
- 3 bath
- approx. 2000-2500 sqft
- Triplex
- 15 days on market
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 location, 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.
Listing Details
- Taxes (2026)
- $5,853
- Listed
- September 2, 2026
Price History
Listing history
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Property
- Style
- 2 1/2 Storey
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Concrete
- Interior
- Other
- Lot Size
- 50.64 x 216.9 Feet
Parking
- Garage
- None
- Covered Spaces
- 5
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Nottawasaga St/Cameron St
- Zoning
- Residential
- Parcel Number
- 586510104
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 Stoves, 3 Fridges. 3 Washers, 3 Dryers
Schools
Secondary
- Orillia Secondary School0.6 km
Public · Simcoe County DSB · 1275 students
Grade 10 literacy: 83% met the provincial standard
- Twin Lakes Secondary School1.6 km
Public · Simcoe County DSB · 835 students
Grade 10 literacy: 85% met the provincial standard
- Patrick Fogarty Catholic Secondary School2.1 km
Catholic · Simcoe Muskoka CDSB · 720 students
Grade 10 literacy: 83% met the provincial standard
Elementary
- Lions Oval Public School0.6 km
Public · Simcoe County DSB · 440 students
Grade 3 reading: 63% met the provincial standard · Grade 6 math: 47% met the provincial standard
- ÉÉC Samuel-de-Champlain1 km
French Catholic · CS catholique MonAvenir · 140 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Harriett Todd Public School1.1 km
Public · Simcoe County DSB · 470 students
Grade 3 reading: 31% met the provincial standard · Grade 6 math: 50% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Orillia · last 12 months
- Median sold price
- $590,000
- Homes sold
- 545
- Median days on market
- 27
- Sale-to-list price
- 96.4%
Based on 545 recorded sales of residential freehold properties in Orillia over the last 12 months.
Rooms
4-piece on Main, 4-piece on Main, 4-piece on Upper
Third
- Loft10'7" x 27'11"
Second
- Bathroom8'10" x 5'11"
- Bathroom8'10" x 5'11"
- Bedroom 212'4" x 8'10"
- Bedroom 312'4" x 9'7"
- Bedroom 411'3" x 16'
- Kitchen15'11" x 5'9"
- Kitchen15'10" x 8'11"
- Living Room7'3" x 25'6"
- Primary Bedroom12'4" x 8'11"
Main
- Bathroom5'3" x 8'6"
- Bedroom 58'4" x 9'4"
- Kitchen6'8" x 8'11"
- Living Room10'9" x 10'1"
Listed by
CASMIR REALTY
Walk Score
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Location
Street View
Mortgage Calculator
$190,000
Estimated Monthly Payment
$4,667
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,667/mo (20% down, 5.5%)
Taxes: $488/mo · Insurance: $238/mo
Estimates only. Consult a financial advisor.
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