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116 Albert Street S in Orillia for sale

Asking price
$599,000
Estimate (Oct 15)
$596,280
MLS #:
S14081642
Type:
Triplex, 2-Storey
Approx. SQFT:
1500-2000
Basement:
Full, Unfinished
4 4
69.69 x 88.62 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
0000-00-00 $00000 Ter N/A N/A N/A
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.

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  • Date Listed: Thursday, October 15, 2026
  • Listing Brokerage: Faris Team Real Estate Brokerage - Disclaimer: The information contained in this listing has not been verified by Faris Team Real Estate Brokerage and should be verified by the buyer.
  • Virtual Tour: View Virtual Tour for 116 Albert Street S
  • City: Orillia

    More 4 bedrooms homes for sale in Orillia

  • Neighbourhood: Orillia
  • Major Intersection: Barrie Rd/Albert St S
  • Full Address: 116 Albert Street S, Orillia, L3V 5L2, Canada, ON, Canada
  • Kitchen: Eat-In Kitchen, Vinyl Floor, Window
  • Living Room: Vinyl Floor, Open Concept
  • Kitchen: Eat-In Kitchen, Vinyl Floor, Window
  • Kitchen: Eat-In Kitchen, Laminate
  • Living Room: Laminate, Closet, W/O To Balcony
  • Amenities:
  • Taxes: $3,326.00 (2025)
Kitchen11 x 9 ft99 sq ft
Living10 x 7 ft70 sq ft
Br11 x 7 ft77 sq ft
Kitchen19 x 13 ft247 sq ft
Den9 x 5 ft45 sq ft
Br12 x 10 ft120 sq ft
Kitchen11 x 9 ft99 sq ft
Living16 x 11 ft176 sq ft
Br14 x 9 ft126 sq ft
Br9 x 7 ft63 sq ft

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.