Home › Orillia › 116 Albert Street
For Sale116 Albert Street, Orillia, ON L3V 5L2
$599,000
4
3
1500-2000
Triplex
2-Storey
3
Forced Air
None
Full, Unfinished
S14081642
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.
This triplex sits in Orillia, in Orillia. Orillia sits between Lake Couchiching and Lake Simcoe with a walkable downtown, a growing arts scene, and some of the region’s most approachable price points.
Browse more on our Orillia community page, or see every local listing at our listings search. Working with a Orillia real estate agent is where most moves start.
Thinking of a move of your own? We list homes across Simcoe County and beyond for a 1% listing commission with full service included. Questions about this property or the market? Contact us or call 705-722-9111.
Listing courtesy of FARIS TEAM REAL ESTATE BROKERAGE.
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