199 Nottawasaga Street, Orillia, ON L3V 3K2
Orillia, ON L3V 3K2
About this property
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.
Property facts & features
- Property type
- Triplex
- MLS® number
- S13739074
- Source status
- New
- Bedrooms
- 5
- Bathrooms
- 3
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- L3V 3K2
- Parking spaces
- 5
- Garage
- None
- Lot depth (source units)
- 216.9
- Annual property tax
- 5853
- Basement
- Other
- Laundry
- Not provided
- Interior features
- Other
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $950,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Orillia →Listing brokerage: CASMIR REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® S13739074. Information deemed reliable but not guaranteed.