For Sale: 28 West Street N, Orillia, ON - REW
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$889,000
6 bd • 3 ba • 1500 - 2000 sf • House
28 West Street N
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$889,000
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28 N West StreetOrillia, ON, L3V 5B8

  • 6 Bed
  • 3 Bath
  • 1500 - 2000 Sqft
  • House

About this home

Turnkey Residential income opportunity in the heart of downtown Orillia. This Brand new fully renovated never lived in Multi Use legal triplex is a rare offering for investors and Home Ownership seeking strong cash flow, low operating costs, 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 separate 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, 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.
Listed by: Andrew Pisani, Salesperson, RIGHT AT HOME REALTY

Home facts and features

Price details
List Price
$889,000
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Gross Taxes for 2025
$5,955
Home facts
Bedrooms
6
Full Bathrooms
3
Parking Spaces
3
Parking Details
Private
Property Type
House
Lot Size
30 ft x 111 ft (3408 ft²)
Depth
111.67
Frontage
30.52
Exterior Finish
Stucco (Plaster)
Heating Type
Forced Air, Electric
Cooling
Central Air, Wall Unit(s)
Basement Details
Walk-Up, Finished, Separate Entrance, Apartment
Agent details
Primary Agent
Andrew Pisani
Primary Broker
RIGHT AT HOME REALTY
Listing details
Days on REW
24 Days
MLS® Number
S13140550
Source
Toronto Real Estate Board
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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
Orillia Secondary School
  • Public
  • 9 - 12
ÉÉC Samuel-de-Champlain
  • Catholic
  • JK - 6
Harriett Todd Public School
  • Public
  • JK - 8
Orchard Park Elementary School
  • Public
  • JK - 8
Monsignor Lee School
  • Catholic
  • JK - 8
Orillia Campus School
  • Public
  • 9 - 12
Patrick Fogarty Secondary School
  • Catholic
  • 9 - 12
Twin Lakes Secondary School
  • Public
  • 9 - 12
Orillia Christian School
  • Private
  • 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
Andrew Pisani
Phone:
416-882-9304
Office:
905-695-7888
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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.