116 Albert Street S, Orillia, ON L3V 5L2

$649,000
: 4
BD
: 3
BA
: 1,500
SqFt

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List Price: $649,000
MLS#: S13657948
Status: ACTIVE
Type: Multifamily
SubType: Triplex
Style: 2-Storey
Bedrooms: 4
Bathrooms: 3
Living Area: 1500-2000
Province: ON
Municipality: Orillia
Area: Simcoe
Neighborhood: Orillia
Subdivision: Barrie Rd/Albert St S

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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.

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Additional Information

Taxes: $3,326
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Kitchens: 3
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 3
Parking Type: Private Triple