342 Linwood Avenue, Orillia, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $649,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 41 x 116.4 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Exceptional Opportunity To Own A Well-Maintained, Income Generating Legal Duplex In A Desirable Orillia Neighbourhood. This Unique Vertical Split Design Offers Two Self-Contained Units, Essentially Two Homes Under One Roof, A Rare Offering In This Price Point. Providing Excellent Flexibility For Investors Or End Users Alike. Each Unit Features Its Own Functional Layout With Spacious Principal Rooms, Making This Property Highly Attractive To Quality Tenants. Ideal For Savvy Investors Looking To Add A Solid Asset To Their Portfolio, Or For First Time Buyers Seeking To Offset Carrying Costs By Living In One Unit While Generating Rental Income From The Other. Situated On A Generous Lot With A Private Backyard And Large Deck, Perfect For Outdoor Enjoyment And Added Tenant Appeal. Conveniently Located Within Walking Distance To Schools, Shopping, And Public Transit, Ensuring Strong Rental Demand And Long Term Value. Zoned For Residential Use With Income Potential, This Is A Rare Opportunity To Secure A Versatile Property That Offers Both Lifestyle And Financial Upside.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Campground, Hospital, Lake/Pond, School
Interior Features
Primary Bedroom - Main Floor
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 342 Linwood Avenue, Orillia, ON L3V 2X1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Orillia, ON
For a property listed at $649,000 in Orillia, the legal minimum down payment is $39,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,455 for this transaction. As this listing is in Orillia (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.