$399,000

About this listing

ATTENTION ONTARIO INVESTORS/ HOME OWNERS: 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 & is priced aggressively to move. Welcome to Unit 37 at 12 Lankin Blvd, Orillia. THE WATERFRONT ADVANTAGE: 2 Minutes to Paradise. They say "location, location, location," & in real estate, waterfront access is king. Unit 37 is strategically positioned just a 2-minute walk from the sparkling shores of Lake Simcoe. Residents 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 & recreation makes this an attractive rental or home 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, entering the investment market, first time home owner or downsizing; opportunities like this are becoming increasingly difficult to find.* Investment calculations are estimates only. Buyers advised to verify all rental income, expenses, financing costs & investment assumptions independently. Don't let another investor buy your future. Book your private showing today & claim your slice of Orillia heaven!