Address
199 Nottawasaga Street, Orillia, ON
Price
$ 950,000

Your Agent

Thishan Fernando

Sales Representative

705-739-4455


Listing provided by Thishan Fernando, Sales Representative, The Peggy Hill Group

Property Attributes
  • ID#S13739074
  • TypeMulti-Family
  • Listing Status New
  • CityOrillia
  • AreaOrillia
  • NeighbourhoodOrillia
  • Postal CodeL3V 3K2
  • Style2 1/2 Storey
  • Taxes$ 5853
  • Price$ 950,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2000-2500
Data Source:
Toronto Real Estate Board (TRREB)
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.

Price History
9/3/2026 Listed $950,000

General Features

Sewer Sewer
Cooling None
Roof Shingles
Architectural Style 2 1/2 Storey
Pool Features None
Construction Materials Brick
Heater Type Radiant
Parking Spaces 5
Property Subtype Triplex
Tax Year 2026
Lot Depth 216.9
County Simcoe
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction North
Garage Y/N No
Total Rooms 16
Status New
City Orillia
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N Yes
Tax Annual Amount 5853.0
Standard Status Active
Occupancy Type Tenant
Legal Description LT A S/S NOTTAWASAGA ST PL 405 ORILLIA; ORILLIA

Interior Features

Interior Amenities Other
Basement Other
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 5
Elevator? No
Total Baths 3
Bedrooms 5
Living Area Range 2000-2500

Exterior Features

Parking Features Private
Total Parking 5.0
Garage Type None
Foundation Details Concrete
Spa No
Waterfront Y/N No
Covered Spaces 5.0
LotDimensionsSource Other

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3V 3K2

Price
AVG $950K
$950K
Taxes
AVG $5,853
$5,853
Visits
AVG 8
6
Data Provided by Inside Real Estate®

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