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Property Description
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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Property Features
Beach, Hospital, Library, Park, Public Transit, School, Separate Hydro Meter, Sump Pump, Private, Carbon Monoxide Detectors, Smoke Detector
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Property Details
Address
90 Coldwater Road
Community
City
Postal Code
L3V 5L5
Property Type
Duplex, Duplex
Lot Size
41' x 82'
Taxes
$4,460 (2026
Basement
Finished, Separate Entrance
Exterior
Deck, Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Intercity Realty Inc.
Check out this outstanding investment opportunity featuring zoning and permitted use information available in the documents section. This legal duplex offers two well-appointed 2-bedroom units, each with its own hydro meter, with potential to create a smaller third unit subject to municipal approval. The property sits on a large in-town double lot, providing excellent long-term development and income potential for savvy investors or developers. Located directly across from an expanding rental complex, this property is positioned in a high-demand area that supports continued rental growth. The existing income stream allows you to carry the property while the City approval process for future changes or improvements is underway, making it an ideal buy-now-and-hold investment. Current monthly income $3,100.00, long term Tenants. Conveniently situated in Orillia, the property is within walking distance to the hospital, downtown core with its charming cafes, restaurants, banks, and shopping, as well as the recreation centre, all of which contribute to strong tenant appeal. As Orillia continues to experience steady growth, this is a great opportunity to become part of the city's expanding real estate market. The buyer is responsible for all municipal processes and associated costs related to zoning verification, change of use, and permit approvals. This is a versatile property with significant potential for income generation, development, or long-term investment holding.
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