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About This Property

The Price is Right!!! This legal 2-unit home (duplex) sits on an exceptionally deep lot (46.42ft x 196.66ft x 40.29ft x 173.19ft) just off Memorial Drive and offers rare 4-car parking, making it an outstanding opportunity for both investors and owner-occupiers. NOTE: The lot size makes it idea to consider Additional Dwelling Unit(s) (ADU). The property features two spacious one-bedroom units, each with excellent layout and appeal. The main floor offers a large, open-concept one-bedroom suite enhanced by a new heat pump installed in November 2025, providing efficient year-round comfort. The upper unit is bright, inviting, and equally well-designed, making it highly desirable for tenants. The home has been thoughtfully updated over the years, including a new roof in 2020, gutter replacement and extensive brick repairs completed in 2017, and the addition of separate hydro metering so tenants pay their own hydro. These improvements, combined with the property's legal duplex status, create a strong, low-maintenance investment with excellent income potential. Whether you're looking to expand your portfolio or live in one unit while renting the other to help qualify for a larger mortgage, this property delivers exceptional value in a prime location. (id:63604)

Key Facts

Type

Multi-family

Beds

Baths

Size

1,100 sqft

Lot

46.3 x 173.2 FT; 40.29 x 196.66 x 46.42 x 173.19 ft

Parking

4 total

Highlights

Washer
Dryer
Microwave
Two stoves
Two Refrigerators

Property Details 16 details

Bedrooms

2 bedrooms

1 above grade + 1 below grade

Bathrooms

2 bathrooms

Parking

4 parking spaces

Garage

Living area

1,100 - 1,500 sq. ft.

Property

Multi-family · Attached

Property subtype

Multi-family

Structure type

Duplex

Attached status

Attached

Storeys

Basement

Unfinished

Heating

Heat Pump, Baseboard heaters, Electric

Cooling

Wall unit

Fireplace

Lot dimensions

46.3 x 173.2 FT; 40.29 x 196.66 x 46.42 x 173.19 ft

Frontage

46.30 feet

Taxes

$3,069.00 (2,025)

Water source

Municipal water

Sewer

Sanitary sewer

Interior features

WasherDryerMicrowaveTwo stovesTwo RefrigeratorsSeparate Electricity Meters

Exterior features

BrickStone

Lot and water

Irregular lot size

Rooms 6 rooms

Level

Room

Dimensions

Main level

Kitchen

3.1 m x 2.4 m

Main level

Living room

3.1 m x 3.6 m

Main level

Bedroom

3.1 m x 3.1 m

Upper Level

Kitchen

3.1 m x 3.1 m

Upper Level

Living room

3.7 m x 3.1 m

Upper Level

Bedroom

2.7 m x 3.4 m

Mortgage & Affordability Estimate monthly costs

Down payment (%) Interest rate (annual %) Amortization (years) Property taxes (% of price) Condo/HOA fee (monthly)

Insurance/Other (monthly) Utilities (monthly)

Mortgage Tools Buyer/Seller Snapshot

Purchase price$478,900

Down paymentNot available

Mortgage amountNot available

Principal & interestNot available

Property taxesNot available

Condo/HOA feeNot available

Insurance/OtherNot available

UtilitiesNot available

Est. monthly totalNot available

Income needed (GDS 32%)Not available

Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area: Orillia
City: Orillia
Postal code: L3V 2R2
Nearby: Cross Streets: MEMORIAL AVE AND BARRIE RD. ** Directions: Follow ON-11 N to Trans-Canada Hwy/ON-12 S in Orillia. Take exit 131A from ON-11 N8 min (13.0 km) Continue on Trans-Canada Hwy. Take Memorial Ave to Barrie Rd.