671 Driftwood Road Orillia, Ontario L3V 1E1
$579,000
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 get a copy of the financial breakdown or book a showing. (id:57975)
Property Details
| MLS® Number | 40641885 |
| Property Type | Single Family |
| Amenities Near By | Beach, Marina, Park, Public Transit, Shopping |
| Communication Type | Fiber |
| Features | Crushed Stone Driveway |
| Parking Space Total | 5 |
| View Type | Lake View |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Dryer, Refrigerator, Stove, Washer, Hood Fan |
| Architectural Style | 2 Level |
| Basement Type | None |
| Constructed Date | 1940 |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Half Bath Total | 1 |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 1250 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Beach, Marina, Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 68 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2i |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | 1'0'' x 1'0'' | ||
| Second Level | Bedroom | 1'0'' x 1'0'' | ||
| Second Level | Bedroom | 1'0'' x 1'0'' | ||
| Second Level | Primary Bedroom | 1'0'' x 1'0'' | ||
| Main Level | 2pc Bathroom | 1'0'' x 1'0'' | ||
| Main Level | 4pc Bathroom | 1'0'' x 1'0'' | ||
| Main Level | Bedroom | 1'0'' x 1'0'' | ||
| Main Level | Bedroom | 1'0'' x 1'0'' |
Utilities
| Cable | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27424404/671-driftwood-road-orillia
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September 17 2024 09:00:18
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Royal LePage Quest Brokerage, Orillia