116 Albert Street S Orillia, Ontario L3V 5L2
$599,000
Top 5 Reasons You Will Love This Home: 1) Discover an exceptional opportunity to invest in the heart of Orillia with this legal triplex, offering three residential units and exciting income potential, including a beautifully renovated, vacant suite that provides the flexibility to move right in or welcome a new tenant at current market rental rates 2) Take advantage of a prime downtown location where shopping, restaurants, grocery stores, healthcare services, and everyday conveniences are all within easy reach, complemented by nearby waterfront attractions and the beautiful shores of Lake Couchiching, creating an appealing setting for both residents and prospective tenants 3) Move forward with confidence knowing several significant improvements have already been completed, including a brand-new furnace (2026), updated eavestroughs (2025), and a newer roof (2024), while two modernized suites, including one recently renovated and vacant unit, add to the property's overall appeal and functionality 4) Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the others, this versatile property presents an attractive opportunity with projected annual rental income approaching $50,000, offering the potential to generate revenue while building long-term equity 5) Explore the possibilities of this income-producing property with a detailed revenue and expense statement available upon request, providing valuable financial insight for prospective buyers looking to make an informed investment in Orillia's rental market. 1,943 above grade sq.ft. plus an unfinished basement. *Please note some images have been virtually staged to show the potential of the home. (id:63244)
Property Details
| MLS® Number | S14081642 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Amenities Near By | Public Transit, Hospital |
| Community Features | School Bus |
| Parking Space Total | 3 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Age | 100+ Years |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Flooring Type | Vinyl, Laminate |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1500 - 2000 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Hospital |
| Sewer | Sanitary Sewer |
| Size Depth | 88 Ft ,7 In |
| Size Frontage | 69 Ft ,8 In |
| Size Irregular | 69.7 X 88.6 Ft |
| Size Total Text | 69.7 X 88.6 Ft|under 1/2 Acre |
| Zoning Description | M2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Kitchen | 3.3 m | 2.65 m | 3.3 m x 2.65 m |
| Main Level | Living Room | 3.11 m | 2.22 m | 3.11 m x 2.22 m |
| Main Level | Bedroom | 3.32 m | 2.18 m | 3.32 m x 2.18 m |
| Main Level | Kitchen | 5.94 m | 3.95 m | 5.94 m x 3.95 m |
| Main Level | Den | 2.67 m | 1.58 m | 2.67 m x 1.58 m |
| Main Level | Bedroom | 3.56 m | 3.11 m | 3.56 m x 3.11 m |
| Upper Level | Kitchen | 3.37 m | 2.89 m | 3.37 m x 2.89 m |
| Upper Level | Living Room | 5 m | 3.38 m | 5 m x 3.38 m |
| Upper Level | Bedroom | 4.14 m | 2.8 m | 4.14 m x 2.8 m |
| Upper Level | Bedroom | 2.83 m | 2.15 m | 2.83 m x 2.15 m |
https://www.realtor.ca/real-estate/30405557/116-albert-street-s-orillia-orillia
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October 15 2026 04:33:39
Toronto Real Estate Board
Faris Team Real Estate Brokerage