$579,000 FOR SALE

Duplex

Bedrooms: 5Bathrooms: 3Lot: 50 x 68 ft

671 Driftwood Road
Orillia, ON L3V 1E1

Are you an investor seeking a cash-flowing property, or someone looking to house hack by living in one unit while renting out the other? Here’s your chance to secure a rare dual-home property that offers both positive cash flow and future appreciation in one of Orillia’s fastest-growing areas. Top 5 Reasons You’ll Love This Investment: 2 INCOME-GENERATING HOMES ON 1 LOT: This unique property includes two separate, low-maintenance homes. The main house features 3 bedrooms and 2 bathrooms, while the secondary offers 2 bedrooms and 1 bath—ideal for maximizing rental income. CASH FLOW POSITIVE FROM DAY ONE: With over $3,800 in monthly rental income potential, this property practically pays for itself, providing immediate returns on your investment. FLEXIBLE LIVING & INCOME OPTIONS: Live in one unit and rent out the other, or rent both for dual income streams. Ideal for investors and first-time buyers looking to offset mortgage costs. IMMEDIATE RENTAL OPPORTUNITY: The secondary home is vacant and ready for occupancy. Set your own rental rates or move in hassle-free. PRIME LOCATION WITH FUTURE GROWTH POTENTIAL: Just 90 minutes north of the GTA and minutes from downtown Orillia, Lake Simcoe, and Casino Rama. High-end developments nearby ensure substantial appreciation opportunities. Invest in Orillia’s real estate market and secure your future cash flow and growth. Contact today to book a showing and take the next step toward securing your financial future! (id:47423)

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Listed By Royal LePage Quest Brokerage, Orillia
Data Provided By OnePoint - The Lakelands
MLS® Listing Number 40641886
Last Updated Sep 17, 2024
Property Summary
Property Type Duplex

More like this:
Subdivision East Ward
Price History
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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 2024-09-17
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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