124 Davey Drive, Orillia

RARE Lake Couchiching WATERFRONT INVESTMENT and development opportunity in Orillia! Located on the tranquil shores of Pumpkin Bay, this exceptional waterfront property features approximately 50 ft of water ownership, breathtaking eastern sunrises, direct access to the Trent-Severn Waterway for endless boating. The existing home has been FULLY GUTTED and is ready for redevelopment. According to the City of Orillia's zoning department, the property permits a semi-detached dwelling, a second storey, and up to five additional residential units, creating exceptional investment and development potential. Situated on a rare double lot, the property also offers future severance potential (buyer to complete their own due diligence). Just a 7-minute walk to Downtown Orillia, you'll enjoy boutique shops, restaurants, cafés, waterfront parks, nearby walking and cycling trails. Whether you're looking to build a luxury lakeside residence, develop an income-producing property, or create your own four-season waterfront paradise, this is a rare opportunity to make your vision a reality.