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Property Description
Turnkey Duplex Investment Opportunity Offering Two Fully Renovated Units With Extensive Upgrades & Strong Income Potential. This Property Features Six Total Bedrooms Across Two Spacious Three-Bedroom Units-Ideal For Investors, Multi-Generational Living, Or An Owner-Occupied Income Property. Main Floor Unit Was Fully Renovated In February 2026 & Features Wide-Plank Luxury Vinyl Flooring, Ceramic Tile, A Brand-New Kitchen With Updated Cabinetry & Counters, & A New Bathroom. Includes Stainless Steel Fridge & Stove Plus In-Suite Washer & Dryer. Upper Level Unit Was Fully Renovated In September 2025 With Wide-Plank Luxury Vinyl Flooring, A New Kitchen, & An Updated Bathroom. Includes Stainless Steel Fridge, White Stove, & A Dedicated Oversized Laundry Room With Washer & Dryer On The Same Level. Forced-Air Heating Throughout With Supplemental Electric Baseboard Heaters In Bedrooms & Bathroom.Major Capital Upgrades Include New Siding & Windows (Dec 2025), Updated Wall Insulation During Renovations, New Furnace & A/C (2023), Updated Electrical Wiring & Breakers, New Garage Door & High-Power Silent Opener, Plus A Fully Fenced Backyard & Powered Garage.Excellent Location Steps To Downtown Orillia Shops & Restaurants, Under 3 Minutes To Soldiers' Memorial Hospital, & Less Than 10 Minutes To Hwy 11 & Major Shopping.A Fully Upgraded Duplex In A Revitalizing Neighbourhood-An Exceptional Opportunity For Investors Seeking Long-Term Value & Income Potential.
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Property Features
Hospital, Marina, Park, Place Of Worship, Public Transit, School, Carpet Free, Private, Carbon Monoxide Detectors, Smoke Detector
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Property Details
Address
16 Albert Street
Community
City
Postal Code
L3V 5K1
Property Type
Duplex, Duplex
Zoning
C1
Lot Size
50' x 106'
Taxes
$2,554 (2026
Basement
Crawl Space
Exterior
Year Round Living, Porch, Deck
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
2
Garage Type
Detached
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Listing contracted with Re/Max Hallmark York Group Realty Ltd.
Opportunity Knocks - Legal Duplex in the Heart of Orillia! Attention investors and first-time buyers - this fully renovated legal duplex is vacant, move-in ready, and packed with income potential. Rebuilt from the studs in, this 2.5-storey property features two legal self-contained units, each offering 3 spacious bedrooms. The lower level adds even more flexibility, with potential for an in-law or auxiliary suite. Three separate 100-amp electrical meters - one for each floor - make the home especially well suited for multi-unit living or leasing. Enjoy peace of mind knowing the home has been rebuilt to meet current fire code standards and includes commercial-rated plumbing. Thoughtfully updated while preserving its original charm, the property blends modern function with timeless character. Ideally located across from Victoria Park in central Orillia, with public transit at your doorstep and excellent walkability. You're minutes from Orillia Soldiers' Memorial Hospital, the Orillia Opera House, Couchiching Beach Park, shoreline trails, schools, shopping, dining, the recreation centre, and the iconic Mariposa Market. Recent upgrades include: Brand new furnace (2025) Nearly all new windows (2025), excluding original stained-glass features Roof approximately 2018 Second-floor deck for relaxing or entertaining Whether you live in one unit and rent the other, or add this turnkey property to your investment portfolio, this is a rare opportunity in a prime central location. Modern updates, strong income potential, and unbeatable walkability - don't miss it.
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