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Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Duplex Side/Side
Listing Status Sold
Purchase Type For Sale
Square Footage 1,270 sqft
Price per Sqft $437
MLS Listing ID 40641886
Bedrooms 5
Year Built 1940
Annual Tax Amount $4,396
Property Description
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!
Location
Province ON
County Simcoe County
Area Orillia
Zoning R2i
Rooms
Kitchen 0
Interior
Heating Baseboard, Forced Air
Cooling None
Laundry In-Suite
Exterior
Garage Gravel
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Rectangular, Highway Access, Marina, Park, Public Transit, Shopping Nearby, Trails
Story 2
Foundation Poured Concrete, Slab
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
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