For Sale: 143 Colborne Street W, Orillia, ON - REW
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$599,999
4 bd • 3 ba • 1100 - 1499 sf • Multifamily
143 Colborne Street W
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$599,999
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143 Colborne Street WOrillia, ON, L3V 5B8

  • 4 Bed
  • 3 Bath
  • 1100 - 1499 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: MORRES CHELEBI, Salesperson, HOMELIFE/MIRACLE REALTY LTD, BROKERAGE

Home facts and features

Price details
List Price
$599,999
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Gross Taxes for 2026
$3,140
Home facts
Bedrooms
4
Full Bathrooms
3
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
90 feet
Frontage
50.0 feet
Exterior Finish
Wood
Heating Type
Forced air, Natural gas
Basement Details
Finished, Apartment in basement, Walk out, ,
Features
Level lot
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater - Tankless, Window Coverings
Agent details
Primary Agent
MORRES CHELEBI
Primary Broker
HOMELIFE/MIRACLE REALTY LTD, BROKERAGE
Listing details
Days on REW
54 Days
MLS® Number
S13010518
Source
Canadian Real Estate Association
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25 Years
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3.99%

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Property Insights

Lions Oval Public School
  • Public
  • JK - 8
Harriett Todd Public School
  • Public
  • JK - 8
Orillia Secondary School
  • Public
  • 9 - 12
Twin Lakes Secondary School
  • Public
  • 9 - 12
ÉÉC Samuel-de-Champlain
  • Catholic
  • JK - 6
Orillia Campus School
  • Public
  • 9 - 12
Orchard Park Elementary School
  • Public
  • JK - 8
Orillia Christian School
  • Private
  • JK - 8
Monsignor Lee School
  • Catholic
  • JK - 8
Regent Park Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
MORRES CHELEBI
Phone:
416-655-3644
Cell:
416-655-3644
Office:
416-747-9777
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.