671 Driftwood Road, Orillia, ON
Property no longer active
This property was sold on October 28, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Orillia. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $579,000 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 50 x 68.49 ft lot
- 5.0 total parking spaces available
- Notable attributes: In-Law Capability, Water Heater Owned
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
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? Heres your chance to secure a rare dual-home property that offers both positive cash flow and future appreciation in one of Orillias fastest-growing areas. Top 5 Reasons Youll 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 bathideal 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 Orillias real estate market and secure your future cash flow and growth. Contact today to book a showing and take the next step toward securing your financial future!
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Property Summary
This detached home located at 671 Driftwood Road, Orillia is currently for sale and has been available on SousaSells for 688 days. This property is listed at $579,000 with an estimated mortgage of $1,927* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 671 Driftwood Road, Orillia is in the Orillia neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Orillia, Orillia.
- •3 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1100-1500 sqft of generous functional square footage
Families, couples, or downsizers looking for a well-proportioned home in Orillia.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Beach
- Campground
- Marina
- Park
- Public Transit
Interior Features
- In-Law Capability
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 671 Driftwood Road, Orillia, ON
Q.What is the asking price for 671 Driftwood Road, Orillia, ON ?
The current listing price for 671 Driftwood Road, Orillia, ON in Orillia, Orillia is $579,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.
Q.What property type and architectural style is 671 Driftwood Road, Orillia, ON ?
671 Driftwood Road, Orillia, ON is a Detached (2-Storey) featuring a None basement.
Q.What key property features does 671 Driftwood Road, Orillia, ON offer?
Key property features include: Beach, Campground, Marina, Park, Public Transit.
Q.What interior features are included in this home?
Interior highlights include: In-Law Capability, Water Heater Owned.
Q.Is parking available at this property?
Yes, this property offers parking space for 5.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Window Unit(s).
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Pricing & Value Insights
Data-driven valuation for 671 Driftwood Road, Orillia, ON L3V 1E1
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 $579,000 in Orillia, the legal minimum down payment is $32,900 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 $8,055 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 $8,055.
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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.