March 25, 2024
- 10 min read
671 Driftwood Road Orillia, Ontario L3V 1E1
$579,000
5 Bedroom
3 Bathroom
1270 sqft
None
Baseboard Heaters, Forced Air
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:36109)
Property Details
| MLS® Number | 40641886 |
| Property Type | Multi-family |
| AmenitiesNearBy | Marina, Park, Public Transit, Shopping |
| Features | Crushed Stone Driveway |
| ParkingSpaceTotal | 5 |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 5 |
| BasementType | None |
| ConstructedDate | 1940 |
| CoolingType | None |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1270 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Marina, Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 68 Ft |
| SizeFrontage | 50 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R2i |
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671 Driftwood Road
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Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Royal LePage Quest Brokerage, Orillia
September 17 2024 03:40:17
