Orillia, ON L3V 1E1,671 Driftwood Road
Orillia, ON L3V 1E1,671 Driftwood Road
Orillia, ON L3V 1E1,671 Driftwood Road
22
$555,000
$579,000
4.1%
Est.Price: ?

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5 BD
3 BA
1,250 SqFt

671 Driftwood Road Orillia, ON L3V 1E1

Est. payment /mo
SOLD DATE : 10/28/2024

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Key Details

Sold Price $555,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $444

MLS Listing ID 40641885

Sold Date 10/28/24

Style Two Story

Bedrooms 5

Full Baths 2

Half Baths 1

Abv Grd Liv Area 1,250

Originating Board The Lakelands

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 get a copy of the financial breakdown or book a showing.

Location

Province ON

County Simcoe County

Area Orillia

Zoning R2i

Direction HWY 12 West to Orchard Point to DriftWood

Rooms

Basement None

Kitchen 0

Interior

Interior Features In-law Capability

Heating Baseboard, Forced Air

Cooling Window Unit(s)

Fireplace No

Appliance Water Heater Owned, Dryer, Hot Water Tank Owned, Range Hood, Refrigerator, Stove, Washer

Laundry In Bathroom, Main Level

Exterior

Garage Gravel

Utilities Available Cable Connected, Cell Service, Fibre Optics, Garbage/Sanitary Collection, High Speed Internet Avail, Natural Gas Connected, Street Lights, Phone Connected

Waterfront No

View Y/N true

View Lake

Roof Type Asphalt Shing

Lot Frontage 50.0

Lot Depth 68.49

Parking Type Gravel

Garage No

Building

Lot Description Urban, Rectangular, Beach, Campground, Highway Access, Marina, Park, Public Transit, Shopping Nearby, Trails

Faces HWY 12 West to Orchard Point to DriftWood

Foundation Poured Concrete, Slab

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Two Story

Structure Type Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 586840196

Ownership Freehold/None

Read Less


Listed by Royal LePage Quest Brokerage, Orillia

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Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

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