$750,000
For sale: Multiplex

Welcome to 571 High Street. This turn-Key Triplex is Ideal for Multi-Generational Living or Smart Investors. Located in the heart of Orillia, just a short stroll from Lake Simcoe and offering quick access for commuters. This impressive home has been completely transformed by a highly regarded local custom home builder and features three fully fire coded, self-contained units making it as versatile as it is stylish. The Main floor features nearly 1400 sq.ft. of living area including 3 generous Bedrooms, fully updated 4pc. Bath, main floor Laundry, open concept Living area, new Rockwood Kitchen w/soft close cabinets, quartz countertops & backsplash & walkout to private deck overlooking the fenced rear portion of the 63 x 134 lot. The lower level features 2 separate 1 Bedroom Apartments each with full walkout to the backyard & patio area, newly installed high efficiency Baseboard heaters, modern and functional layout & updated Bathrooms. Steel roof, Forced Air Gas furnace (6 yrs. Old). The 2025 renovation updates include: Eavestrough, soffit and facia; upgraded, luxury siding (Hardie board); lighting throughout the home including pot lights; windows; interior and exterior doors; baseboard and trim throughout; Freshly painted throughout; Hardwood stairs; Luxury vinyl flooring throughout; Upgraded electrical with 3 separate meters and panels with breakers (ESA certified); Main floor kitchen; renovated bathrooms x 3 units including tubs, toilets, vanities, taps, etc.; New appliances throughout); Whether you're seeking a stunning multi-unit home for family, or a high-quality investment with incredible rental potential, this property offers many possibilities checks every box. Some photos are virtually staged.
Sold data
Multiplex homes in Orillia took a median of 36 days to sell over the last 730 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 71, across 44 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $626,950.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 44 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
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