143 COLBORNE STREET W

Key facts

• Property type: Multi-family
• Structure: Triplex
• Transaction: For Sale
• Price: $599,999
• Bedrooms: 4
• Bathrooms: 3
• Lot size: 50 x 90 FT
• Parking: 4
• Listing key: 29618702

Listing overview

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...