Orillia, ON · · MLS® S14081642Updated
$599,000Est. $2,943/mo mortgage
116 Albert St S is a 4-bedroom, 3-bathroom triplex in Orillia, listed for $599,000. It has 1500-2000 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
4 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $399 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
Full Orillia market reportSold prices are shown free to signed-in members, as board rules require.
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143 Colborne Street
4 bd · 3 ba · Multiplex
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28 Matchedash Street
5 bd · 4 ba · Multiplex
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176 Mississaga Street
3 bd · 3 ba · Multiplex
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19 South Street
3 bd · 3 ba · Multiplex
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12 King's Court
6 bd · 3 ba · Multiplex
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104 Nottawasaga Street
5 bd · 3 ba · Multiplex
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home116 Albert Street S 4 bd · 3 ba · 1,500 sqft | $599,000asking | $399 | — | — |
| 143 Colborne Street 4 bd · 3 ba · 1,100 sqft | ||||
| 28 Matchedash Street 5 bd · 4 ba · 2,500 sqft | ||||
| 176 Mississaga Street 3 bd · 3 ba · 1,500 sqft | ||||
| 19 South Street 3 bd · 3 ba · 3,000 sqft | ||||
| 12 King's Court 6 bd · 3 ba · 2,500 sqft | ||||
| 104 Nottawasaga Street 5 bd · 3 ba · 2,500 sqft |
4 bd · 3 ba · 1,100 sqft
5 bd · 4 ba · 2,500 sqft
3 bd · 3 ba · 1,500 sqft
3 bd · 3 ba · 3,000 sqft
6 bd · 3 ba · 2,500 sqft
5 bd · 3 ba · 2,500 sqft
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
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20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Listing brokerage: FARIS TEAM REAL ESTATE BROKERAGEMLS® S14081642 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other 4-bed homes for sale in Orillia around $599K.
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Every active Orillia MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 223 sales from Jul 17 – Oct 15, 2026 (141 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
116 Albert St S is listed at $599,000 (MLS® S14081642). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Orillia. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
No — 116 Albert St S is still listed at its original asking price of $599,000.
116 Albert St S has 4 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a triplex in Orillia.
About $2,943 a month — principal and interest on $599,000 with 20% down ($119,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Its asking price of $599,000 is about 6% above the median sold price in Orillia over the last 90 days, $565,000, across 223 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 116 Albert St S on record from the last two years. Older records aren't shown under TRREB rules.
116 Albert St S is in Orillia, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
116 Albert St S was listed today (October 15, 2026).
About $300 to $399 per square foot: the asking price of $599,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Yes — the listing gives 3 parking spaces.
The listing describes the basement as: Full, Unfinished.
