Attention Investors and First-Time Home Buyers: Seize this extraordinary opportunity! This property holds immense potential, whether you envision creating your personal oasis or making a sound investment. With R3 zoning, it permits duplexes, triplexes, and potentially even a fourplex with an approved variance. Owner informs It also has a brand new gas furnace installed last year. Located within walking distance of Lake Couchiching, Tudhope Park, renowned rowing and sailing clubs, downtown Orillia, shopping venues, the opera house, Leacock museum, the Orillia Museum of Art and History, and a bustling weekly farmers market-everything you need is right at your fingertips. Near by walking and biking trails offer additional recreational options in addition to Lake Simcoe being just up the road, and the Casino Rama resort is just a short 15-minute drive away. Don't miss out on this chance to transform this property into a lucrative investment or your dream home.