143 COLBORNE STREET W,Orillia,Ontario,L3V5B8

$599,999

143 COLBORNE STREET W,Orillia,Ontario,L3V5B8

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:63658)

PROPERTY SUMMARY

MLS® #	:	S13010518
Listing price	:	$599,999
Listed on	:	25-04-2026
Property subtype	:	For sale
Square footage	:	1100 sqft
Year built	:	0000
Listing office	:	HOMELIFE/MIRACLE REALTY LTD

BEDROOM & BATHROOM

Total bedrooms	:	4 Bedrooms
Total bathrooms	:	3 Bathrooms

BUILDING

Building type	:
Parking	:	No Garage

Community location

Neighbourhood Highlights

• Hospital

  Public Transit

  Place of Worship