For Sale

116 Albert Street

$649,000
Orillia, Ontario L3V 5L2 · MLS® S13657948 · Updated 49 mins ago
116 Albert Street S, Orillia, ON L3V 5L2
1 / 34 photos
4
Bedrooms
3
Bathrooms
Sq Ft
3
Parking

About This Home

Top 5 Reasons You Will Love This Home: 1) Affordable investment property generating nearly $50,000 in annual income, offering an excellent opportunity for investors seeking strong returns 2) Legal triplex with numerous recent improvements including a new roof (2024), new eavestroughs (2025), two major suite modernizations completed in 2022 and 2025, and a new furnace (2026) 3) Located in desirable downtown Orillia, providing excellent access to a wide range of amenities and services 4) Within close proximity to shopping, grocery stores, hospital, lake, and the vibrant downtown core, enhancing tenant appeal and long-term rental demand 5) Revenue and expense statement available upon request, providing valuable financial information for prospective buyers. 1,943 above grade sq.ft. plus an unfinished basement.

Property Information

Type
Residential Freehold
Style
Triplex
Architectural Style
2-Storey
Age
100+
Lot Size
69.69 × 88.62 ft
Direction Faces
East
Bedrooms
4
Kitchens
3
Parking
3 total · None
Cross Street
Barrie Rd/Albert St S
Postal Code
L3V 5L2
Occupancy
Tenant
Possession
Immediate
MLS#
S13657948
Listing Office
FARIS TEAM REAL ESTATE BROKERAGE

Building Details

Construction
Brick
Roof
Asphalt Shingle
Heating
Forced Air · Gas
Cooling
None
Basement
Full, Unfinished
Fireplace
No
Pool
None

Features & Amenities

Interior
None
Property
Public TransitSchool Bus RouteHospital

Financials & Fees

Annual Property Tax
$3,326 (2025)

Inclusions & Exclusions

Inclusions

Fridge (x3), Stove (x3), Washer, Dryer.

Location

Listing courtesy of:FARIS TEAM REAL ESTATE BROKERAGE

Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.

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