Looking for a turn key investment that was newly renovated just 2 years ago? This is an exceptional purpose built 5-plex with very low maintenance costs (only 22 years old), featuring four 2-bedrooms units and 1 studio unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($94,140), resulting in an excellent cap rate. All units were renovated with commercial grade flooring (2023), new kitchens (2023) and bathrooms (2023). An easy building to maintain with a steel roof, vinyl siding, new breaker panels and separate hydro meters for all tenants (2023), and low operating costs ($17,653). Baseboard heating in bedrooms & heat/air conditioner unit in the living rooms. Located right across the street from the lake, and conveniently located just minutes from Hwy 12 and downtown Orillia, this is an opportunity to buy and benefit from the revitalization of Orillia. This property is zoned C4i, which offers a ton of potential uses for a savy investor. Email for financials & link to more pictures and details. (id:2493)More details
Looking for a turn key investment that was newly renovated just 2 years ago? This is an exceptional purpose built 5-plex with very low maintenance costs (only 22 years old), featuring four 2-bedrooms units and 1 studio unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields very strong cash flow ($94,140), resulting in an excellent cap rate. All units were renovated with commercial grade flooring (2023), new kitchens (2023) and bathrooms (2023). An easy building to maintain with a steel roof, vinyl siding, new breaker panels and separate hydro meters for all tenants (2023), and low operating costs ($17,653). Baseboard heating in bedrooms & heat/air conditioner unit in the living rooms. Located right across the street from the lake, and conveniently located just minutes from Hwy 12 and downtown Orillia, this is an opportunity to buy and benefit from the revitalization of Orillia. This property is zoned C4i, which offers a ton of potential uses for a savy investor. Email for financials & link to more pictures and details. (id:2493)More details
Top 5 Reasons You Will Love This Home: 1) Perfectly positioned in a warm and welcoming West Ward neighbourhood, offering a friendly community feel and unbeatable convenience 2) Enjoy the perks of a spacious corner lot featuring a detached garage with a dirt floor, along with two additional sheds, perfect for all your outdoor tools, toys, and storage needs 3) Inside, you'll find a generously sized living room and dining room, a full kitchen, a handy mudroom, and a convenient main level 2-piece powder room, while the upper level hosts two comfortable bedrooms and an a half bath with the potential to be thoughtfully redesigned into a full bathroom 4) Full of potential, this home invites you to customize and make it your own, highlighted by a basement with a laundry room and solid concrete floors, providing a blank canvas for future living space 5) Added bonuses include a newly reshingled roof (2025), an enclosed front porch, and engineered hardwood floors throughout the dining room and living room, ensuring lasting comfort and peace of mind. 1,067 above grade sq.ft. plus an unfinished basement. *Please note some images have been virtually staged to show the potential of the home. (id:2493)More details
Welcome to this highly desired neighborhood in the City of Orillia. This home is perfectly situated in close proximity to all the essential amenities - schools, public library, golf courses, healthcare facilities, shopping, dining, and transit; only a five-minute drive away to the local hospital. Couchiching Beach and the public boat launch are also close by, and it's less than 20 minutes from Casino Rama. The home is loaded with good features. The large front window provides a fantastic view of the neighboring park, which has a grass field and a splash pad. Home has been thoughtfully upgraded for stylish and comfortable living, with notable improvements including 2023 Upgrades of a remodeled kitchen and main bathroom, a new pantry for extended counter space and storage, new windows and doors throughout. The double sliding door to the deck includes built-in blinds for easy maintenance. Newly installed HVAC in 2023 for the entire home, with each level featuring its own dedicated unit for more personalized comfort. 2022 Upgrades are: A new owned hot water tank, new light fixtures, toilets, outdoor motion lights (front and back), and a new washer and dryer. Additional Features includes: stainless steel appliances in the kitchen and pot lights throughout the living and dining areas. The finished lower level offers ideal living potential for guests, in-laws, or adult children, allowing them to reside in the same household while maintaining their own private space. This bright area features large above-ground windows that provide natural light throughout the day, private bathroom with shower, separate entrance, and dedicated parking space. Overall, this home has a lot to offer anyone looking for a long-term residence to call their own. (id:2493)More details
EXCITING OPPORTUNITY IN THE HEART OF ORILLIA WITH MIXED USE ZONING, IDEAL FOR INVESTMENT FOCUSED BUYERS! Thinking about strengthening your investment portfolio with a downtown Orillia property that offers real long-term flexibility? Locations like this don't come around often, with shops, cafés, and dining along Mississaga Street just steps away, Couchiching Beach Park and the waterfront trail system nearby, Mariposa Market around the corner, and both the hospital and recreation centre within easy walking distance for everyday ease. Set in the heart of Orillia's downtown core, this well-cared-for non-conforming triplex is zoned DS1 and offers nearly 2,600 square feet with a versatile layout that supports commercial and residential uses. A detached rear storage building with updated shingles offers extra flexibility and has been rented in the past, while a fenced, landscaped backyard creates a rare outdoor bonus in this central location. The bachelor unit has been remodelled, including an updated kitchen and bathroom, and features exclusive heating and air conditioning controls, the three bedroom unit offers two bathrooms and in-suite laundry, and the two-bedroom unit has been updated and delivers a refreshed kitchen and bathroom along with in-suite laundry, creating comfortable, practical living spaces throughout. Heating and cooling are supported by heat pump systems alongside gas heating and a smart thermostat, complemented by an updated 75-gallon gas water tank and professional foundation repair completed by Chamelean Masonry for added confidence. Plenty of parking with space for up to six vehicles rounds out the package, making this a compelling opportunity in one of Orillia's most walkable and vibrant pockets. (id:2493)More details
Data was last updated February 12, 2026 at 07:15 PM (UTC)
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