Welcome to 268 Mississaga St W, a move-in-ready bungalow conveniently located within walking distance to downtown Orillia amenities, the waterfront, shops, and restaurants. The home offers a practical, functional layout with approximately 1,000 sq ft on the main level and a fully finished 1,000 sq ft lower level, providing flexible living space and the potential for an in-law suite or future income with some minor modifications. The main floor offers three bedrooms, a full bathroom with heated floors, a spacious kitchen, and a welcoming living and dining area centered around a shared wood-burning fireplace, adding warmth and character to the home. Beyond its charm, the wood-burning stove also provides a valuable practical benefit - keeping the home comfortably warm during power outages and winter storms. During the March 2025 ice storm, when many Orillia homes lost power and heat, this home remained toasty warm throughout the entire nine-day outage. The fully finished lower level includes a large family room, a spacious bedroom, and a 3-piece bathroom combined with laundry. With a separate entrance and plumbing already in place for a kitchenette, the lower level can be easily be converted into an in-law suite or income-generating apartment. Outside, enjoy a large backyard with a deck prepared for a future above-ground pool - ideal for entertaining or creating your own private water oasis. An attached single-car garage with generous loft storage adds even more convenience. A solid opportunity for buyers/investors seeking walkability, flexible living space, energy resilience, and future in-law or income potential in a central Orillia location.