143 Colborne Street W Orillia, Ontario L3V 5B8

$599,999

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:63203)

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