$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
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
Features
Interior
- Other
Pool
- None
- Included
- 3 Stoves, 3 Fridges. 3 Washers, 3 Dryers
Mortgage calculator
Estimated mortgage payment
$4,206 per month
- Principal and interest
- $4,206
- Property tax
- $488
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $205,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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