Orillia, ON L3V 1E1,671 Driftwood Road
Orillia, ON L3V 1E1,671 Driftwood Road
Orillia, ON L3V 1E1,671 Driftwood Road
$555,000
Est. payment /mo
$579,000
4.1%
Est.Price: ?

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5 Beds
3 Baths
1,270 SqFt
SOLD DATE : 10/28/2024

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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The Real Estate Boutique Brokerage Inc

The Real Estate Boutique Brokerage Inc

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Listed by Royal LePage Quest Brokerage, Orillia

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