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:16261)
Property Details
| MLS® Number | 40641885 |
| Property Type | Single Family |
| AmenitiesNearBy | Beach, Marina, Park, Public Transit, Shopping |
| CommunicationType | Fiber |
| Features | Crushed Stone Driveway |
| ParkingSpaceTotal | 5 |
| ViewType | Lake View |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Dryer, Refrigerator, Stove, Washer, Hood Fan |
| ArchitecturalStyle | 2 Level |
| BasementType | None |
| ConstructedDate | 1940 |
| ConstructionStyleAttachment | Detached |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Vinyl Siding |
| FireProtection | Smoke Detectors |
| FoundationType | Poured Concrete |
| HalfBathTotal | 1 |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1250 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Beach, Marina, Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 68 Ft |
| SizeFrontage | 50 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | 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
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 17 2024 09:00:18
Royal LePage Quest Brokerage, Orillia