Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 1500 - 2000 sqft
Flooring Type: Vinyl, Laminate
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4
Bathrooms: 3
Amenities Nearby: Public Transit, Hospital
Community Features: School Bus
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 88.6 Feet
Lot Frontage: 69.7 Feet
Lot Size: 69.7 x 88.6 FT
Zoning: M2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Rooms:

Kitchen Main Level 3.30 m x 2.65 m
Living Main Level 3.11 m x 2.22 m
Bedroom Main Level 3.32 m x 2.18 m
Kitchen Main Level 5.94 m x 3.95 m
Den Main Level 2.67 m x 1.58 m
Bedroom Main Level 3.56 m x 3.11 m
Kitchen Upper Level 3.37 m x 2.89 m
Living Upper Level 5.00 m x 3.38 m
Bedroom Upper Level 4.14 m x 2.80 m
Bedroom Upper Level 2.83 m x 2.15 m

Convert Measurement to:

Courtesy of: FARIS TEAM REAL ESTATE BROKERAGE, Faris Team Real Estate Brokerage

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Demographic Information of 116 ALBERT STREET S, Orillia, Ontario, L3V 5L2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$79,606.04

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.28 %

High school certificate or equivalent

33.79 %

Apprenticeship trade certificate/diploma

5.51 %

College/non-university certificate

27.95 %

University Degree

7.47 %

Commuter

Travel To Work

By Car

83.42 %

By Public Transit

1.23 %

By Walking

11.65 %

By Bicycle

0.0 %

By Other Methods

3.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.6 %

Houses

54.4 %

116 ALBERT STREET S, Orillia, Ontario, L3V 5L2