REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 649,000
Est. payment /mo
New
116 Albert ST S Orillia, ON L3V 5L2
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Orillia
MLS Listing ID S13657948
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,326
Tax Year 2025
Property Sub-Type Triplex
Property Description
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.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 3
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Triple
Pool None
Roof Type Asphalt Shingle
Lot Frontage 69.69
Lot Depth 88.62
Total Parking Spaces 3
Building
Building Age 100+
Unit Features Public Transit,School Bus Route,Hospital
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://youtu.be/mnEPQDD27Rc
Listed by FARIS TEAM REAL ESTATE BROKERAGE