Jag Patel
Broker
$599,999
Available - For Sale
Listing ID: S13010518
143 Colborne Street West , Orillia, L3V 5B8, Simcoe
| Positioned directly beside Orillia Soldiers' Memorial Hospital, this fully legal triplex offers a rare combination of strong cash flow, flexible zoning, and long term upside. With projected rental income exceeding $5,000 per month, this property stands out as a strategic investment opportunity.The building features three self contained units, including a newly finished basement apartment and a renovated two bedroom suite with updated windows and doors. In total, the property offers one two bedroom unit and two one bedroom units, appealing to a wide range of tenants in a high demand rental area driven by healthcare and local amenities.Set on a generously sized lot, there is ample space to explore the addition of a garage or accessory structure, adding further value. Parking for four or more vehicles enhances tenant convenience.Zoned HC2, one of the most versatile designations in Orillia, this property opens the door to a variety of permitted uses beyond residential, giving investors flexibility for future repositioning or mixed use potential.Located just minutes from downtown Orillia, tenants will enjoy easy access to the waterfront, parks, shops, and everyday essentials, along with quick connections to Highways 11 and 12 for commuters.This is a rare opportunity to secure a high performing, legally designated triplex in a location that supports both strong rental demand and future growth. |
| Price | $599,999 |
| Taxes: | $3140.00 |
| Occupancy: | Tenant |
| Address: | 143 Colborne Street West , Orillia, L3V 5B8, Simcoe |
| Directions/Cross Streets: | Memorial Ave & Colborne St W |
| Rooms: | 13 |
| Bedrooms: | 4 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Apartment, Finished wit |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 10.66 | 17.15 | |
| Room 2 | Main | Kitchen | 12.33 | 17.15 | |
| Room 3 | Second | Primary B | 15.42 | 9.15 | |
| Room 4 | Second | Bedroom 2 | 10.17 | 8.33 | |
| Room 5 | Second | Bathroom | 12.23 | 7.58 | |
| Room 6 | Main | Living Ro | 8.99 | 15.58 | |
| Room 7 | Main | Kitchen | 6.99 | 10.46 | |
| Room 8 | Main | Primary B | 9.91 | 11.32 | |
| Room 9 | Main | Bathroom | 4.76 | 7.08 | |
| Room 10 | Lower | Living Ro | 9.41 | 13.71 | |
| Room 11 | Lower | Bedroom | 10.07 | 6.07 | |
| Room 12 | Lower | Kitchen | 6.99 | 10.46 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Second |
| Washroom Type 2 | 3 | Ground |
| Washroom Type 3 | 3 | Lower |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Board & Batten |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Hospital, Level |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| HOMELIFE/MIRACLE REALTY LTD |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Simcoe |
| Municipality: | Orillia |
| Neighbourhood: | Orillia |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $3,140 |
| Beds: | 4 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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