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79 Frederick Street, Orillia, ON L3V 5W6

$499,000

ESTATE SALE - A Rare Opportunity in the Heart of Historic Orillia! Offered for the first time in generations, this cherished family home was lovingly built by the original family in 1946 and has remained in the same family ever since. Now ready for its next chapter, this property is brimming with potential for renovators, investors, and buyers looking to build equity. Situated on a generous corner lot at Frederick Street and McKinnell Street, the property offers exciting potential for severance (buyer to complete their own due diligence). With two separate driveways-one on Frederick Street and one on McKinnell Street-there is ample parking and excellent access. Inside, you'll find a spacious layout featuring 3 bedrooms, 1 bathroom, a large kitchen and dining area, and original oak strip hardwood flooring throughout much of the main level, just waiting to be restored to its former beauty. A new roof was installed in 2024, providing an excellent head start on renovations. The full, unfinished basement offers endless possibilities for additional living space, a recreation room, workshop, or hobby area. Water and sewer connections are already in place, creating the potential to add a future basement bathroom. Whether you're a handy homeowner looking to transform a solid home into your dream property, or an investor seeking a rental opportunity while exploring the property's future development potential, this is a rare chance to unlock exceptional value. Located in the heart of Old Orillia, you'll enjoy being just minutes from the hospital, shopping, schools, parks, beaches, the recreation centre, and all the amenities that make this historic neighbourhood so desirable.