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Est. payment /mo
New
199 Nottawasaga ST Orillia, ON L3V 3K2
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Orillia
MLS Listing ID S13739074
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $5,853
Tax Year 2026
Property Sub-Type Triplex
Property Description
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.
Location
Province ON
County Simcoe
Area Simcoe
Zoning Residential
Rooms
Family Room Yes
Basement Other
Kitchen 3
Interior
Interior Features Other
Cooling None
Inclusions 3 Stoves, 3 Fridges. 3 Washers, 3 Dryers
Exterior
Parking Features Private
Garage Spaces 5.0
Pool None
Roof Type Shingles
Lot Frontage 50.64
Lot Depth 216.9
Total Parking Spaces 5
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Listed by CASMIR REALTY