Top 5 Reasons You’ll Love This Property: 1) TWO HOMES ON 1 LOT: Featuring two detached houses with minimal upkeep. The main house has 3 bedrooms and 2 bathrooms, while the secondary house offers 2 bedrooms and 1 bathroom, both designed for low maintenance. 2) CASH FLOW POSTIVE INVESTMENT: Generate over $3800 per month in rental income from both units, ensuring a steady income stream and a financially sound investment. 3) Broad Appeal: Perfect for investors and first-time homebuyers alike. Live in one unit while renting out the other, or rent both for maximum income flexibility. 4) Immediate Flexibility: The secondary suite is vacant upon possession, allowing you to live in one home or set your own rental rates right away. 5) Prime Location and Lakeside Proximity: Just 90 minutes north of the GTA, enjoy serene Lake Simcoe views and easy access to boat docks. Minutes from downtown Orillia and Casino Rama, surrounded by high-end developments promising substantial future growth. Don’t miss this chance to invest in the thriving Sunshine City, Orillia. Call today to book a showing. Age 84. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
50 x 68 ft
Amenities Nearby
Marina, Park, Public Transit, Shopping
Features
Crushed stone driveway
Listing Contract Date
2024-06-12
Location Description
HWY 12 West to Orchard Point to DriftWood
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R2i
Building
Basement Type
None
Constructed Date
1940
Cooling Type
None
Exterior Finish
Vinyl siding
Foundation Type
Poured Concrete
Heating Type
Baseboard heaters, Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access, Highway access
Amenities
Marina, Park, Public Transit, Shopping
Sewer
Municipal sewage system
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