119 Albert Street S Orillia, Ontario L3V 5L1

2 Bedroom 2 Bathroom 1390
2 Level None Forced Air


WOW! Price Reduction, Seller is motivated. $100,000 VTB available, this could be your opportunity to get into real estate ownership or add to your investment portfolio. A recently updated / newly created 2 unit (in 2020), residential home, with a secondary unit (in-law) suite. Updated kitchens, bathrooms and flooring in both units. Each unit a spacious 1 bedroom. Provides strong income. Upper unit $1,500 per month all inclusive. Ground floor unit $1,800 per month all inclusive. Please note this is not a legal duplex however is zoned R2, thereby permitting a legal duplex. Buyer to acknowledge current building status, certainly can work with City of Orillia to create a legal duplex. Recent changes to the high density direction from Ontario government, this property is within an area of City of Orillia high density residential plans combined with such a large Lot 47' X 165', the potential to develop a Tri-plex or 4-plex would be worth the investigation. Property has 2 driveways. Windows and roof shingles have also been updated. Upper unit is accessed via exterior stair case and a large upper balcony. Ground floor unit has access at front door or back entrance off of generous sized back deck. Large undeveloped Lot space behind the building, of the remaining 165' depth, ideal for an extension of the existing house or build a separate garden house for additional rental income. Currently, both Tenants do want to stay, you can continue to collect the very strong (higher than market) rental income for 1 bedroom units or if you want to use for Owner Occupied, Seller would consider working through the process to provide Vacant Occupancy. (id:51004)

Property Details

MLS® Number 40473252
Property Type Single Family
Amenities Near By Beach, Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Communication Type Fiber
Features Golf Course/parkland, Beach, Crushed Stone Driveway
Parking Space Total 6


Bathroom Total 2
Bedrooms Above Ground 2
Bedrooms Total 2
Architectural Style 2 Level
Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1880
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Other, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1390
Type House
Utility Water Municipal Water


Access Type Road Access, Highway Access, Highway Nearby
Acreage No
Land Amenities Beach, Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 47 Ft
Size Total Text Under 1/2 Acre
Zoning Description M2


Level Type Dimensions
Second Level Bonus Room 8'6'' x 4'0''
Second Level 3pc Bathroom Measurements not available
Second Level Bedroom 9'3'' x 13'10''
Second Level Kitchen 7'2'' x 9'4''
Second Level Living Room 13'7'' x 14'3''
Main Level 3pc Bathroom 4'10'' x 10'10''
Main Level Bedroom 9'10'' x 13'0''
Main Level Kitchen 16'4'' x 9'9''
Main Level Living Room 13'10'' x 13'7''


Cable Available
Electricity Available
Natural Gas Available
Telephone Available


Erna Collins

(705) 323-3968
Century 21 B.J. Roth Realty Ltd. Brokerage
450 West St North, Unit C
Orillia, Ontario L3V 5E8

(705) 326-2100


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