Gurvinder Nokwal REALTOR®
For Sale Triplex 46 days on market

$950,000

Est. payment $4,206/moCalculate yours

199 Nottawasaga Street, Orillia, ON L3V 3K2

Orillia, Orillia, ON L3V 3K2

  • 5 Beds
  • 3 Baths
  • 5 Garage
  • 2,000 Sq Ft
Map

Listing courtesy of CASMIR REALTY MLS® S13739074

About this home

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.

Property details

Overview

Property Type
Triplex
Style
2 1/2 Storey
For
For Sale
Status
New
Size
2,000 sqft

Interior

Bedrooms
5
Bathrooms
3
Kitchens
3
Total Rooms
16
Basement
Other

Building & Systems

Heating
Radiant (Gas)
Cooling
None
Exterior
Brick
Foundation
Concrete
Roof
Shingles
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
50.64 x 216.9 Feet
Parking
None garage · 5 total
Zoning
Residential

Financial

Property Taxes
$5,853 (2026)

Location

Neighbourhood
Orillia
Cross Street
Nottawasaga St/Cameron St
Direction Faces
North

Listing

MLS® Number
S13739074
Days on Market
46
Listed On
2026-09-02
Possession
TBA
Listed By
CASMIR REALTY

Rooms

Room Level Dimensions
Bedroom 3 Second 12′ 4″ × 9′ 7″
Primary Bedroom Second 12′ 4″ × 8′ 11″
Bedroom 2 Second 12′ 4″ × 8′ 10″
Bathroom Second -
Bathroom Main 5′ 3″ × 8′ 6″
Living Room Second 7′ 3″ × 25′ 6″
Bathroom Second 8′ 10″ × 5′ 11″
Living Room Main 10′ 9″ × 10′ 1″
Kitchen Main 6′ 8″ × 8′ 11″
Bedroom 4 Second 11′ 3″ × 16′ 0″
Kitchen Second 15′ 11″ × 5′ 9″
Kitchen Second 15′ 10″ × 8′ 11″
Loft Third 10′ 7″ × 27′ 11″
Bedroom 5 Main 8′ 4″ × 9′ 4″

Features

Interior

  • Other

Pool

  • None
Included
3 Stoves, 3 Fridges. 3 Washers, 3 Dryers

Mortgage calculator

Minimum for this price: $70,000 (7.37%)

Amortization, years

Estimated mortgage payment

$4,206 per month

Principal and interest
$4,206
Property tax
$488
Estimated monthly cost
$4,694

Your mortgage

Mortgage amount
$760,000
Mortgage insurance
Not needed
Interest over 25 years
$501,918

Cash to close

Down payment
$190,000
Land transfer tax
$15,475
Total, before legal fees
$205,475
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

199 Nottawasaga Street, Orillia, ON L3V 3K2 Orillia, Orillia, ON L3V 3K2
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$950,000 199 Nottawasaga Street, Orillia, ON L3V 3K2
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