116 ALBERT STREET S
Orillia, Ontario
MLS® S14081642
$599,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S14081642
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- —
Listing description
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.
Property summary
- MLS® number
- S14081642
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 69.7 x 88.6 FT
- Annual property taxes
- $3,326.00
- Parking
- 3 spaces · No Garage
- Days on market
- 0 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Flooring
- Laminate, Vinyl
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Brick
- Community features
- School Bus
What would this home cost you?
Based on the $599,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of FARIS TEAM REAL ESTATE BROKERAGE, BARRIE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.