Skip to main content
2 - 23 Penetang Street

2 - 23 Penetang Street

Orillia, ON

  • 4 bed
  • 2 bath
  • approx. 1500-2000 sqft
  • Detached
  • 55 days on market
$549,900

Step into a rare opportunity to own a beautifully maintained legal duplex that perfectly blends historic charm with modern convenience. This impressive two-storey home features two completely separate self-contained units, each with its own private entrance and dedicated driveway as well as separate electric meters offering exceptional privacy for both owners and tenants .With over 100 years of history, this home has been thoughtfully updated (roof 2021) owner occupied and meticulously maintained while preserving the timeless character that makes it truly special. Original antique details and architectural features remain beautifully intact, showcasing craftsmanship that simply can't be replicated.Ideally located close to schools, shopping, public transit, the hospital, the waterfront, Main Street, and with quick access to Highway 11, this property offers outstanding convenience for commuters, families, and investors alike.Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or accommodate multi-generational living, this unique legal duplex is a rare find that combines character, functionality, and an unbeatable location.

Listing Details

Taxes (2026)
$3,417
Listed
July 17, 2026

Price History

Property

Style
2-Storey
Age
100+
Construction
Brick
Roof
Asphalt Shingle
Foundation
Concrete Block
Interior
Accessory Apartment, Carpet Free, In-Law Capability
Lot Size
54.99 x 90 Feet

Parking

Garage
Attached
Covered Spaces
1
Total Parking
5

Utilities

Sewer
Sewer
Heat Source
Gas

Location & Legal

Cross Street
Albert St N & Penetang St
Zoning
R4 (C1)
Parcel Number
586550111
Possession
Flexible
Occupancy
Owner

Included

Inclusions
all ELFs, window blinds, 2 Fridges, 2 Stoves separate electrical meters, shared heat (gas furnace)

Schools

Elementary

  • Lions Oval Public School0.2 km

    Public · Simcoe County DSB · 440 students

    Grade 3 reading: 63% met the provincial standard · Grade 6 math: 47% met the provincial standard

  • Monsignor Lee Separate School0.8 km

    Catholic · Simcoe Muskoka CDSB · 395 students

    Grade 3 reading: 53% met the provincial standard · Grade 6 math: 53% met the provincial standard

  • ÉÉC Samuel-de-Champlain1.2 km

    French Catholic · CS catholique MonAvenir · 140 students

    Grade 3 reading: 85% met the provincial standard · Grade 6 math: 41% met the provincial standard

Secondary

  • Orillia Secondary School0.9 km

    Public · Simcoe County DSB · 1275 students

    Grade 10 literacy: 83% met the provincial standard

  • Patrick Fogarty Catholic Secondary School1.9 km

    Catholic · Simcoe Muskoka CDSB · 720 students

    Grade 10 literacy: 83% met the provincial standard

  • Twin Lakes Secondary School2.1 km

    Public · Simcoe County DSB · 835 students

    Grade 10 literacy: 85% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L3V

Population
48,651
Private dwellings
22,293
Median age
47.6
Average household size
2.3
Median household income
$77,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Residential Freehold in Orillia · last 12 months

Median sold price
$590,000
Homes sold
538
Median days on market
27
Sale-to-list price
96.4%

Based on 538 recorded sales of residential freehold properties in Orillia over the last 12 months.

Rooms

4-piece on Ground, 4-piece on Second

Second

  • Bathroom
  • Bedroom 29' x 12'2"
  • Dining Room7'2" x 6'1"
  • Kitchen8'6" x 9'2"
  • Living Room13'3" x 5'2"
  • Primary Bedroom11'7" x 15'7"

Main

  • Bathroom
  • Bedroom 27'1" x 13'7"
  • Kitchen6'9" x 15'1"
  • Living Room12'3" x 15'1"
  • Primary Bedroom15'3" x 11'11"

Listed by

REALTY WEALTH GROUP INC.

Walk Score

Walk Score is unavailable for this address right now.

Mortgage Calculator

$109,980

Estimated Monthly Payment

$2,701

Land transfer tax

Estimated land transfer tax$7,473

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $2,701/mo (20% down, 5.5%)

Taxes: $285/mo · Insurance: $137/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

Online

Reita said:

Reita is an automated assistant, not a licensed real estate agent. This listing mentions legal duplex. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?

Interested in this property?

By submitting this form you consent to REintel, operated by Direct Realty Ltd. (6992 Hwy 62, Belleville, ON K8N 0L7) contacting you to respond to your inquiry and send you relevant property listings, market updates, and real-estate information. You can withdraw your consent at any time using the unsubscribe link in every email, or by contacting us at the mailing address above.

Cookie Preferences