116 Albert Street S, Orillia
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. (id:1945)
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Property details for 116 Albert Street S, Orillia
- Type
- Multi-family
- Bedrooms
- 4
- Bathrooms
- 3
- Lot Size
- 69.7 x 88.6 FT
- Stories
- 2
- Basement
- Unfinished, Full
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $3,326
Nearby Listings Stat
Estimated price and comparable properties near 116 Albert Street S
Active Listings
10
Min Price
$549,990
Max Price
$1,499,900
Avg Price
$759,229
Days on Market
47
days
Sold Listings
5
Min Sold Price
$649,900
Max Sold Price
$769,900
Avg Sold Price
$711,920
Days until Sold
44
days
Neighbourhood Census Data
Orillia, Ontario
Population
609
Median Age
43.7
Median Income
$21,099
Dwelling Value
$160,696
Housing Tenure
Owners 15%
Renters 85%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.8
Pop. Density: 2,222.6/km²
Avg Shelter Cost: $882/mo
Owners with Mortgage: 63.6%
Owners Spending 30%+: 30%
Tenants Spending 30%+: 60.4%
English only: 97.5%
English and French: 2.5%
Median Household Income: $29,376
Median Employment Income: $21,824
Price History
Listed
August 10, 2026
by FARIS TEAM REAL ESTATE BROKERAGE
Current Price
$649,000
Type
Multi-family
For Sale
