116 ALBERT STREET SOUTH

Orillia, , L3V5L2, Canada

$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.

EXTRAS: Washer, Refrigerator, Stove, Dryer

Virtual Tour: https://www.youtube.com/watch?v=fIpQU49_VFw

Last updated on : Thursday 15th of October 2026 12:40:14 PM

ADDRESS

Street : 116 ALBERT STREET SOUTH

City : Orillia

Country : Canada

Postal Code : L3V5L2

Open in Google Map

PROPERTY SUMMARY

Property ID : S14081642

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 4

Bathrooms : 3

Parking : 3

Parking Type: No Garage

Similar Properties

Multi-family

85 WOODFIELD ROAD

Toronto (Greenwood-Coxwell), Ontario, M4L2W5

$999,000

Beds: 4Baths: 2

property Type: Duplex

type: Sale

MATT GIUNTA
16 hours ago

DETAILS

Multi-family

19 ALFRED STREET

Barrie (Allandale), Ontario, L4N3L9

$599,900

Beds: 4Baths: 2

property Type: Duplex

type: Sale

PEGGY HILL
1 week ago

DETAILS

Multi-family

1393 AVENUE ROAD

Toronto (Lawrence Park South), Ontario, M5N2H3

$1,799,000

Beds: 4Baths: 3

property Type: Triplex

type: Sale

LORRAINE M. SMITH
5 days ago

DETAILS

Multi-family

198 AYLMER STREET NORTH NORTH

Peterborough (Town Ward 3), Ontario, K9J3K1

$799,900

Beds: 4Baths: 3

property Type: Triplex

type: Sale

Tamer Kamar
1 week ago

DETAILS

Multi-family

250 SHUTER STREET

Toronto (Moss Park), Ontario, M5A1W2

$1,220,000

Beds: 4Baths: 3

property Type: Duplex

type: Sale

JENNY LIN KWOK
2 weeks ago

DETAILS

Inquire about this property