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    For Sale - 116 Albert Street, Orillia, Ontario

    Est payment $2,876/mo
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    Views   1
    Time on Jump  2 day

    AI Summary *

    • Legal triplex with three residential units and income potential.
    • Prime downtown location near shopping, restaurants, and waterfront attractions.
    • Significant improvements include a new furnace, updated eavestroughs, and newer roof.
    • Opportunity to live in one unit and rent the others for income.
    • Detailed financial statements available for informed investment decisions.




    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.
    Listing IDS14081642
    Address116 Albert Street
    CityOrillia, Ontario
    Price$599,000
    Bed / Bath4 / 3 Full
    Style2-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features NoneAmenities Public Transit, School Bus Route, HospitalOwnership FreeholdBasement Full, UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Brokerage: FARIS TEAM REAL ESTATE BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    116 Albert Street
    Orillia , Ontario
    4 3 $599,000
    Get more info