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671 Driftwood Road Orillia, ON L3V 1E1
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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
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