116 Albert Street S, Orillia, ON L3V 5L2
Orillia · Near Barrie Rd/Albert St S · View map
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.
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 4
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 10
- Basement
- Full, Unfinished
- Lot size
- 69.7 x 88.6 ft
- Faces
- East
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 3
- Total parking
- 3
- Parking features
- Private Triple
Taxes & other
- Property taxes
- $3,326/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Barrie Rd/Albert St S
- Neighbourhood
- Orillia
More
- Price per sq ft
- ~$342 (at 1,750 sq ft)
- MLS® number
- S14081642
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The home and its surroundings
- Public Transit
- School Bus Route
- Hospital
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
116 Albert Street, Orillia, ON L3V 5L2
Orillia · Near Barrie Rd/Albert St S
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Listing history for 116 Albert Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 116 Albert Street S
Answers come straight from this home’s MLS® listing.
How much is 116 Albert Street S listed for, and what would it cost each month?
116 Albert Street S is listed for $599,000. With 20% down ($119,800), the mortgage payment would be roughly $2,416 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,693 a month, all in. That figure is an illustration, not a quote.
Is 116 Albert Street S freehold or a condo, and is there a monthly fee?
116 Albert Street S is a triplex in Orillia. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 116 Albert Street S have?
116 Albert Street S has 4 bedrooms and 3 bathrooms. The listing gives the style as 2-storey.
Does 116 Albert Street S have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
Does 116 Albert Street S have a finished basement?
The listing describes the basement as full, unfinished.
What style of home is 116 Albert Street S?
116 Albert Street S is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 116 Albert Street S, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 69.7 x 88.6 ft.
How is 116 Albert Street S heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 116 Albert Street S?
Property taxes are $3,326 a year (2025), or about $277 a month.
Where is 116 Albert Street S?
116 Albert Street S is in Orillia. The nearest main intersection is Barrie Rd/Albert St S. The postal code is L3V 5L2.
Is 116 Albert Street S still for sale?
Yes. It is an active listing (MLS® S14081642). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 116 Albert Street S asking?
Similar properties for sale nearby right now include 100 Cameron Street at $639,000 (4 bed), 315 Oxford Street at $649,900 (4 bed) and 275 Gill Street at $674,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 116 Albert Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 116 Albert Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Duplex$674,900275 Gill Street, Orillia4 bed · 3 bath · OrilliaCourtesy of: FARIS TEAM REAL ESTATE BROKERAGEView home →Courtesy of: FARIS TEAM REAL ESTATE BROKERAGE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.