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Solid investment opportunity in a sought-after Orillia neighborhood! This well-maintained, legal triplex provides immediate income and strong future potential with approval for a fourth unit and construction already started. The upper level features two bright and spacious one-bedroom units, with laundry capability, both freshly painted with updated flooring and modern bathrooms completely move-in ready and offering flexibility to establish your rental strategy or occupy personally. The main floor includes a third one-bedroom unit, currently rented to a reliable long-term tenant at market rent, along with a large storage space that is already roughed-in and offers potential for conversion to a fourth unit (plans are attached). A full utility room enhances functionality. The property also includes a useful outbuilding, providing extra storage or potential future use. With three separate hydro meters, private entrances, dedicated parking for each unit, updated vinyl windows, and a prime location close to shopping, transit, hospital, and parks, this property is a versatile addition to any portfolio. Whether you're a seasoned investor or entering the market for the first time, this triplex is a strong and adaptable income-producing asset in a high-demand rental area.
3 hot water tanks, 3 stoves, 2 fridges
City: Orillia
Neighborhood: Orillia
Purchase Price | $899900 |
Down Payment | $179980 |
Mortgage Insurance | $0 |
Total Mortgage | $719920 |
Mortgage Payment | $4436 |
Property Taxes | $397 |
Maintenance Fees | $0 |
Monthly Payment | $4833 |
Located at 19 South St , this Orillia house is available for sale. This property was listed for $899,900 on Wed Oct 01 2025. This house's size is 3000-3500 Sqft. It has 3 bedrooms and 3 bathrooms. The property includes the following rooms: Kitchen, Living, Br, Kitchen, Living, Br, Kitchen, Living, Br, Utility, Utility, Utility. This property comes with 7 parking spots. 19 South St, Orillia is situated in the Orillia neighbourhood.
MLS#: S12438417 · $899,900 · 3 bedroom house in Orillia, Orillia