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Christopher Marinakos

cmarinakos@royallepage.ca +1(705) 305-9946

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Price Dropped by $39K

12 Lankin BLVD ##37 Orillia, ON L3V 6T2

3 Beds

1 Bath

UPDATED:

Key Details

Property Type Townhouse

Sub Type Condo Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1200-1399

Subdivision Orillia

MLS Listing ID S13043796

Style Multi-Level

Bedrooms 3

Annual Tax Amount $3,885

Tax Year 2025

Property Sub-Type Condo Townhouse

Property Description

ATTENTION ONTARIO INVESTORS: THE HOLY GRAIL OF CASH FLOW HAS ARRIVED! Stop scrolling. Stop settling for low returns. While average home prices in Orillia soar past $590,000, an absolute unicorn has landed on the MLS. This premium, high-yielding, multi-level 3-bedroom townhome sits comfortably in an explosive growth corridor and is priced aggressively to move. Welcome to Unit 37 at 12 Lankin Boulevard, Orillia. THE WATERFRONT ADVANTAGE: 2 Minutes to Paradise. They say "location, location, location," but in real estate, waterfront access is king. Unit 37 is strategically positioned just a 2-minute walk from the sparkling shores of Lake Simcoe. Tenants can carry a paddleboard or kayak straight from their front door to the water, enjoy miles of scenic waterfront trails, or spend afternoons at nearby beach parks. This isn't just a place to live; it's a lifestyle asset. The combination of affordability, location, and recreation makes this an attractive rental opportunity. THE NUMBERS: Positive Cash Flow Potential Finding an asset that pays for itself and leaves money in your pocket is increasingly difficult. Unit 37 breaks the mold. Investor Snapshot : Purchase Price: $415,000, 20% Down Payment: $83,000 Current Rental Income: $2,400/month Condo Fees: $216/month Property Taxes: Approx. $333/month Estimated Mortgage Payment (30-Year @ 4.5%): $1,674/month Estimated Monthly Cash Flow: $153.67/month * Plus approximately $449.62/month in mortgage principal reduction during Year 1, helping build equity with every payment. Whether you're expanding your portfolio or entering the investment market for the first time, opportunities like this are becoming increasingly difficult to find.* Investment calculations are estimates only. Buyers are advised to verify all rental income, expenses, financing costs, and investment assumptions independently. Don't let another investor buy your future. Book your private investor showing today and claim your slice of the Ontario waterfront!

Location

Province ON

County Simcoe

Area Simcoe

Zoning RM1

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 1

Interior

Interior Features Rough-In Bath

Cooling Central Air

Inclusions All appliances in kitchen (fridge, stove, dishwasher), all Electric light fixtures.

Laundry In Basement

Exterior

Exterior Feature Year Round Living

Garage Spaces 1.0

Roof Type Asphalt Shingle

Exposure West

Total Parking Spaces 2

Balcony Open

Building

Building Age 31-50

Locker None

Others

Senior Community Yes

Pets Allowed Yes-with Restrictions

ParcelsYN No

Virtual Tour https://youtu.be/ahjFDa9wPOA

Listed by ONE PERCENT REALTY LTD.

Christopher Marinakos

Agent

+1(705) 305-9946

Christopher Marinakos

12 Lankin BLVD ##37 Orillia, ON L3V 6T2

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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12 Lankin BLVD ##37

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