110 Mary St

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Listing Description

This fully renovated legal duplex, gutted and updated from top to bottom in 2021-2022, offers modern, high-end finishes and a solid investment opportunity in the rapidly growing city of Orillia. With two fully separate units, this property is ideal for rentals, especially with the nearby university and the thriving local market. Both apartments will be vacant, or the option is available for two students to stay (or go) a flexible situation to suit your needs! Key updates include a 200-amp electrical system with two separate meters, two furnaces, and two air conditioning units (one for each level), ensuring ultimate comfort for both units. A brand-new 50-gallon gas water tank was installed in January 2025, and a new sewer line was replaced in November 2024. The home is fire-coded for safety and peace of mind, with copper wiring and PEX plumbing throughout. Both units come with all-new appliances (installed in 2022), including refrigerators, electric induction stoves, microwaves with fans, and environmentally-friendly washer/dryer units, the lower unit boasts a dishwasher. The lower unit also features a cozy gas fireplace. The upper unit has two spacious bedrooms, while the lower unit offers two bedrooms plus a flexible Living Room space perfect for an office, extra bedroom, or creative use. Located in a growing community, this property offers the potential for high rental income, with easy access to local amenities and the university. This is an incredible opportunity to own a fully updated, turn-key, legal duplex in Orillia! **EXTRAS** Yearly Utility Costs: Water $951, Hydro Lower unit $1057.54, Hydro Upper Apartment $945, Enbridge $2,558.71
Fridge (2), Stove (2), Microwave (2), Washer (2), Dryer (2), Dishwasher, Hot water tanks owned, Window coverings. Furniture negotiable