Welcome to 148 Coldwater Rd W. Excellent location with amenities at your fingertips & Victoria Park down the street. Endless potential awaits in this solid, well-built 3-bedroom, 2-bathroom two-story home in downtown Orillia. Offered for the first time in years, this property boasts strong bones, a functional layout with high ceilings. Bring your vision, paintbrush, and design ideas to update the space and build immediate equity. The main level features a spacious living room with original hardwood floors, dedicated dining area, and a functional galley kitchen ready for a modern transformation. Upstairs, you'll find generously sized bedrooms and plenty of storage. Major highlights include newer Metal roof, New Gas Furnace installed 2025, Rental Water heater new in 2025, new Fridge 2024 and a newly installed Bathtub with a white seamless wall surround . Also a large family room addition at the back of the house with a fireplace excellent for a cozy family space. Outside sits an expansive deck and backyard with room for a garden & BBQ area. Large Storage shed for storing lawn mower and bicycles etc. Front of home allows for 2 parking spaces so you do not need to cut the grass here. Plus location offers easy commuter Hwy access literally minutes away.