Coldwater Rd W and Patrick St Opportunity Knocks - Legal Duplex in the Heart of Orillia! Attention investors and first-time buyers-this is the one you've been waiting for. Fully renovated from the studs out, this legal duplex is vacant and move-in ready, offering exceptional flexibility and very strong income potential. Spanning 2.5 storeys, the property features two self-contained units, each offering 3 spacious bedrooms. The lower level provides the opportunity to create an in-law or auxiliary suite, adding even more versatility. The home is equipped with three separate 100-amp electrical meters-one for each floor-making it ideal for multi-unit living or leasing. Enjoy peace of mind knowing the entire home has been rebuilt to meet current fire code standards, including commercial-rated plumbing. Thoughtfully updated while preserving character, the property blends modern functionality with timeless appeal. Ideally located across from Victoria Park in the heart of Orillia, with public transit at your doorstep and an unbeatable walkable lifestyle. Restaurants, grocery stores, pharmacy, hospital, library, beach, waterfront, and downtown amenities are all just steps away. The vibrant community hosts year-round festivals, markets, and waterfront events. Relax or entertain on the second-floor deck, and enjoy the following recent upgrades: Brand new furnace (2025)Nearly all new windows (2025), excluding original stained-glass features Roof (approx. 2018)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, very strong income potential, and unbeatable walkability-don't miss it.The images have been virtually staged. Furnishings and décor have been digitally added and may not represent the actual property. (id:27476)
