112 Albert Street (Triplex) Orillia, Ontario

Fireplace Forced Air, Baseboard Heaters Acreage


Orillia TriPlex – $296,800 – Steady Income Opportunity.

VTB possible to help with downpayment and quick close.
Residential & Commercial; lots of extras.

Contact Michael J Preston, Broker of Record 705-309-1747

Is it possible you know someone in the Orillia that would appreciate an in-town office shop with income to cover overhead? The property offers very good value for any tradesperson.The dojo pays $1000.00 a month plus all heat for the property which is Natural gas, a fireplace and a high efficiency forced air system on natural gas.

There is one bedroom apartment at the back of the lower level with a full walkout basement that pays $ 750 a month plus all electric bills for the property. Below the dojo is a two bedroom unit that the dojo has use privileges and use a part of for change rooms.

The owner rents one of the bedrooms below the dojo to one of the Judo people for $ 450.00 a month all inclusive. The Dojo gets the privilege and use of the shower and washroom, office and 2nd bedroom for a change room and there is a kitchenette with fridge for cold and hot drinks etc.

The owner uses the 900 sq ft shop at the back fo the property for himself. Present total net income is $ 2200.00 a month. Value of shop approx. $ 800.00 all inclusive for total possible income of 3000.00 a month.

Tenants wish to stay. The bonus is the property is treated as residential by the city with a commercial use. So no zoning issue and the bank will treat as residential for mortgage purposes.

Property Details

RP Number RP9733120083
Property Type Multi-family
Amenities Near By Public Transit, Schools, Shopping, Park
Parking Space Total 10
Total Buildings 1


Fireplace Fuel Gas
Fireplace Present Yes
Fireplace Total 1
Heating Fuel Natural Gas
Heating Type Forced Air, Baseboard Heaters
Type Residential Commercial Mix
Utility Water Municipal Water


Access Type Road Access
Acreage Yes
Zoning Description Residential
Zoning Type Multi-family


Contact us for more information

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Michael J Preston
Broker of Record


Lakeview Realty Inc., Brokerage
57 Matchedash Street South
Orillia, ON L3V 4T7


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