Salehian.com 647-325-5000

116 Albert Street S

Orillia, Orillia, L3V 5L2

$599,000

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  • 4 bedrooms
  • 3 bathrooms
  • 3 parking
  • 1500-2000 sq ft

Listed 5 days ago · MLS® S14081642

About this home

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.

Details

Type
Triplex
Style
2-Storey
Age
100+ years
Size
1500-2000 sq ft
Lot
69.69 × 88.62 ft
Basement
Full, Unfinished
Garage
None
Kitchens
3
Property tax
$3,326 (2025)
Neighbourhood
Orillia
Municipality
Orillia

Interior

Bedrooms
4 above ground
Bathrooms
2 × 3-piece (main), 1 × 4-piece (upper)
Rooms
10 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Asphalt Shingle
Foundation
Stone
Age
100+
Faces
East

Parking

Total parking
3
Driveway and parking
Private Triple

Lot

Size
69.69 × 88.62 ft (rectangular)
Acreage
< .50

More

Possession
Immediate
Nearby
Public Transit, School Bus Route, Hospital
Cross street
Barrie Rd/Albert St S

Rooms

RoomLevelSizeFeatures
KitchenMain3.3 × 2.65 m (10'10" × 8'8")Eat-in Kitchen, Vinyl Floor, Window
Living RoomMain3.11 × 2.22 m (10'2" × 7'3")Vinyl Floor, Open Concept
BedroomMain3.32 × 2.18 m (10'11" × 7'2")Vinyl Floor, Closet, Window
KitchenMain5.94 × 3.95 m (19'6" × 13')Eat-in Kitchen, Vinyl Floor, Window
DenMain2.67 × 1.58 m (8'9" × 5'2")Vinyl Floor, Closet, Window
BedroomMain3.56 × 3.11 m (11'8" × 10'2")Vinyl Floor
KitchenUpper3.37 × 2.89 m (11'1" × 9'6")Eat-in Kitchen, Laminate
Living RoomUpper5 × 3.38 m (16'5" × 11'1")Laminate, Closet, W/O To Balcony
BedroomUpper4.14 × 2.8 m (13'7" × 9'2")Laminate, Window
BedroomUpper2.83 × 2.15 m (9'3" × 7'1")Laminate, Window

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 25 cafés and restaurants, 4 parks, 4 pharmacies. Nearest grocery: Metro (1000 m). Nearest park: McKinnell Square Park (500 m).

Schools nearby

Elementary

  • Lions Oval Public School
    EQAO: Gr 6 reading 65%, math 47%    15 min walk
  • Harriett Todd Public School
    EQAO: Gr 6 reading 81%, math 50%    1.2 km
  • Regent Park Public School
    EQAO: Gr 6 reading 77%, math 44%    1.8 km
  • École élémentaire catholique Samuel-de-Champlain French
    EQAO: Gr 6 reading 77%, math 41%    1.8 km

Secondary

  • Orillia Secondary School
    EQAO: Gr 9 math 42%, literacy test 83%    1.6 km
  • Twin Lakes Secondary School
    EQAO: Gr 9 math 35%, literacy test 85%    1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3V

Owners / renters
70% / 30%
Median household income
$77,500
Average age
46
Children under 15
14%
Homes
67% detached, 5% high-rise
Commute by transit
2%
Population
48,651

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Mandarin 0.2%, Yue (Cantonese) 0.2%, Gujarati 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Orillia (OPP): 102 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by FARIS TEAM REAL ESTATE BROKERAGE.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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