ON > Orillia > Orillia
Orillia, ON L3V 5K2,50 Albert ST N
Orillia, ON L3V 5K2,50 Albert ST N
Orillia, ON L3V 5K2,50 Albert ST N
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Thu
26
Jun
Fri
27
Jun
Sat
28
Jun
Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$529,000
Est. payment /mo
3 Beds
3 Baths
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Orillia

MLS Listing ID S12228496

Style 2-Storey

Bedrooms 3

Building Age 100+

Annual Tax Amount $2,898

Tax Year 2024

Property Sub-Type Triplex

Lot Depth 67.0

Lot Front 39.74

Appx SqFt 1500-2000

Property Description

Attention Investors and First-Time Home Buyers! Welcome to 50 Albert Street North in the heart of Orillia - a legal non-conforming triplex offering a fantastic opportunity for both investors and first-time buyers alike. Live in one unit and let the other two help pay your mortgage! This prime rental property is ideally located within walking distance to downtown Orillia, the hospital, shopping, restaurants, library, and more. Here are a list of property highlights. Unit 1: Freshly renovated and currently vacant 1-bedroom unit on the main floor with in-suite laundry. Estimated rental potential of $1,700/month (all inclusive). Shared entrance with Unit 2. Unit 2: Long-term, reliable tenant of 7 years in the upper-level 1-bedroom unit, currently paying $1,292.26/month (all inclusive). Unit 3: Separate entrance to this cozy 1-bedroom main floor unit, also home to a long-term tenant of 7 years, currently paying $753/month (all inclusive). Projected Annual Rental Income: Approx. $45,000. Parking: Double-wide driveway with space for up to 4 vehicles. Location: Steps to Orillia's charming downtown core and all major amenities. Whether you're looking to house-hack as a first-time buyer or expand your investment portfolio, this property is a must-see. Don't miss out on this incredible opportunity!

Location

Province ON

County Simcoe

Community Orillia

Area Simcoe

Rooms

Family Room No

Basement Partial Basement

Kitchen 3

Interior

Interior Features None

Cooling None

Inclusions Fridge x 3, Stove x 3, Washer, & Dryer (lower unit)

Exterior

Exterior Feature Deck, Porch

Parking Features Private Double

Pool None

Roof Type Metal

Lot Frontage 39.74

Lot Depth 67.0

Total Parking Spaces 4

Building

Foundation Concrete, Stone

Others

Senior Community No

Virtual Tour https://video214.com/play/8eRtdCdjMA09k7c0wO07uQ/s/dark

Read Less Info
Listed by RE/MAX RIGHT MOVE

Get More Information

agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

Name

Phone*

Message

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Gail Reeves Reid, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Free Account Required

  • Instant access to listing photos & details
  • Save listings and searches
  • Access details for this property