Address
116 Albert Street S, Orillia, ON
Price
$ 649,000
Property Attributes
  • MLS#S13657948
  • TypeMulti-Family
  • Listing Status New
  • CityOrillia
  • AreaOrillia
  • NeighbourhoodOrillia
  • Postal CodeL3V 5L2
  • Style2-Storey
  • Taxes$ 3326
  • Price$ 649,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1500-2000
  • Lot Size0.25 Acres
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

Top 5 Reasons You Will Love This Home: 1) Ideal investment or house-hack opportunity: Features a brand-new, vacant, renovated unit ready for immediate owner-occupancy or your choice of top-market tenant, with projected annual income approaching $50,000 2) Legal triplex with major recent upgrades, including two modernized suites (one freshly renovated and vacant), a new furnace (2026), new eavestroughs (2025), and a new roof (2024) 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. *Please note some images have been virtually staged to show the potential of the home.

Price History
8/10/2026 Listed $649,000

General Features

Sewer Sewer
Cooling None
Roof Asphalt Shingle
Architectural Style 2-Storey
Pool Features None
Construction Materials Brick
Heater Type Forced Air
Parking Spaces 3
Property Subtype Triplex
Tax Year 2025
Lot Depth 88.62
PropertyFeatures Public Transit,School Bus Route,Hospital
County Simcoe
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction East
Garage Y/N No
Status New
City Orillia
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 3326.0
Virtual Tour https://youtu.be/mnEPQDD27Rc
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 6 BLK K PL 228 ORILLIA PT 1,51R13363; ORILLIA

Interior Features

Interior Amenities None
Basement Full,Unfinished
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 4
Elevator? No
Total Baths 3
Bedrooms 4
Living Area Range 1500-2000

Exterior Features

Parking Features Private Triple
Total Parking 3.0
Garage Type None
Foundation Details Stone
Spa No
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3V 5L2

Price
AVG $650K
$650K
Taxes
AVG $3,326
$3,326
Visits
AVG 17
16
Data Provided by Inside Real Estate®