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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!
Fridge x 3, Stove x 3, Washer, & Dryer (lower unit)
City: Orillia
Neighborhood: Orillia
Purchase Price | $529000 |
Down Payment | $105800 |
Mortgage Insurance | $0 |
Total Mortgage | $423200 |
Mortgage Payment | $2608 |
Property Taxes | $242 |
Maintenance Fees | $0 |
Monthly Payment | $2849 |
Located at 50 Albert St N , this Orillia house is available for sale. This property was listed for $529,000 on Wed Jun 18 2025. This house's size is 1500-2000 Sqft. It has 3 bedrooms and 3 bathrooms. The property includes the following rooms: Living, Kitchen, Br, Bathroom, Kitchen, Br, Bathroom, Living, Kitchen, Br, Bathroom. This property comes with 4 parking spots. 50 Albert St N, Orillia is situated in the Orillia neighbourhood.
MLS#: S12228496 · $529,000 · 3 bedroom house in Orillia, Orillia