116 Albert Street
Orillia, ON
- 4 bed
- 3 bath
- approx. 1500-2000 sqft
- Triplex
- 38 days on market
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $3,326
- Listed
- August 10, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- None
- Lot Size
- 69.69 x 88.62 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Barrie Rd/Albert St S
- Zoning
- M2
- Parcel Number
- 586440109
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- Fridge (x3), Stove (x3), Washer, Dryer.
- Rental Items
- None.
Schools
Elementary
- Lions Oval Public School1 km
Public · Simcoe County DSB · 440 students
Grade 3 reading: 63% met the provincial standard · Grade 6 math: 47% met the provincial standard
- Harriett Todd Public School1.2 km
Public · Simcoe County DSB · 470 students
Grade 3 reading: 31% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Monsignor Lee Separate School1.5 km
Catholic · Simcoe Muskoka CDSB · 395 students
Grade 3 reading: 53% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- Orillia Secondary School1.5 km
Public · Simcoe County DSB · 1275 students
Grade 10 literacy: 83% met the provincial standard
- Twin Lakes Secondary School1.6 km
Public · Simcoe County DSB · 835 students
Grade 10 literacy: 85% met the provincial standard
- Patrick Fogarty Catholic Secondary School2.7 km
Catholic · Simcoe Muskoka CDSB · 720 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3V
- Population
- 48,651
- Private dwellings
- 22,293
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Orillia · last 12 months
- Median sold price
- $590,000
- Homes sold
- 544
- Median days on market
- 27
- Sale-to-list price
- 96.4%
Based on 544 recorded sales of residential freehold properties in Orillia over the last 12 months.
Rooms
2 × 3-piece on Main, 4-piece on Upper
Upper
- Bedroom13'7" x 9'2"
- Bedroom9'3" x 7'1"
- Kitchen11'1" x 9'6"
- Living Room16'5" x 11'1"
Main
- Bedroom10'11" x 7'2"
- Bedroom11'8" x 10'2"
- Den8'9" x 5'2"
- Kitchen10'10" x 8'8"
- Kitchen19'6" x 13'
- Living Room10'2" x 7'3"
Listed by
FARIS TEAM REAL ESTATE BROKERAGE
Walk Score
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Location
Street View
Mortgage Calculator
$129,800
Estimated Monthly Payment
$3,188
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,188/mo (20% down, 5.5%)
Taxes: $277/mo · Insurance: $162/mo
Estimates only. Consult a financial advisor.
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