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$ 624,900
Est. payment /mo
New
342 Linwood AVE Orillia, ON L3V 2X1
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Orillia
MLS Listing ID S13431266
Style 2-Storey
Bedrooms 5
Annual Tax Amount $4,595
Tax Year 2025
Property Sub-Type Duplex
Property Description
Rare opportunity to own what is essentially two homes for the price of one. This unique vertical split duplex offers exceptional flexibility for investors, first-time buyers, multi-generational families, and anyone looking to offset mortgage expenses through rental income.Unlike a traditional upper/lower duplex, this property features two distinct self-contained living spaces. Unit A offers 2 bedrooms on the main level, a spacious third bedroom in the basement with separate side entrance access, a 4-piece bathroom on the main floor, and an additional 3-piece bathroom in the basement. Unit B features 2 bedrooms on the second floor, a 4-piece bathroom, a fully finished basement with an additional 3-piece bathroom, and a bright main living area with walkout access from the kitchen and living room to a covered deck overlooking the private backyard. This versatile property presents the perfect house hacking opportunity. Live comfortably in one unit while rental income from the other helps offset your mortgage and carrying costs, or maximize cash flow by renting both units. One unit is currently tenanted while the second unit is vacant, providing immediate flexibility for owner occupancy or the opportunity to secure market rent right away. Outside, both units enjoy access to a private backyard, while the covered deck creates an inviting extension of the living space for Unit B. Each unit also benefits from its own dedicated storage shed, providing valuable additional storage rarely found in comparable properties. Ideally located in a desirable neighborhood within walking distance to schools, shopping, parks, and public transit, this property offers strong tenant appeal and long-term investment potential. Whether you're building your investment portfolio or searching for a smarter path to homeownership, this unique property delivers flexibility, income potential, and lifestyle benefits that are hard to find in today's market.
Location
Province ON
County Simcoe
Area Simcoe
Zoning R2
Rooms
Basement Separate Entrance
Kitchen 2
Interior
Interior Features Primary Bedroom - Main Floor
Cooling Central Air
Inclusions 2 fridge, 2 stove, 2 washer, 2 dryer, all electric light fixtures, 2 storage sheds,
Exterior
Exterior Feature Deck, Porch
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 3
Building
Foundation Block
Lited by LPT REALTY