342 Linwood Avenue Orillia, Ontario L3V 2X1
$624,900
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. (id:39551)
Property Details
| MLS® Number | S13431266 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Amenities Near By | Beach, Hospital, Schools |
| Parking Space Total | 3 |
| Structure | Deck, Porch, Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Appliances | Dryer, Storage Shed, Two Stoves, Two Washers, Two Refrigerators |
| Basement Features | Separate Entrance |
| Basement Type | N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Flooring Type | Hardwood, Laminate |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Beach, Hospital, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 116 Ft ,4 In |
| Size Frontage | 41 Ft |
| Size Irregular | 41 X 116.4 Ft |
| Size Total Text | 41 X 116.4 Ft|under 1/2 Acre |
| Surface Water | Lake/pond |
| Zoning Description | R2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 4.13 m | 3.31 m | 4.13 m x 3.31 m |
| Second Level | Bedroom 2 | 3.03 m | 2.94 m | 3.03 m x 2.94 m |
| Basement | Bedroom 3 | 4.52 m | 3.65 m | 4.52 m x 3.65 m |
| Basement | Family Room | 5.03 m | 4.07 m | 5.03 m x 4.07 m |
| Main Level | Family Room | 4.73 m | 4.08 m | 4.73 m x 4.08 m |
| Main Level | Kitchen | 2.91 m | 2.56 m | 2.91 m x 2.56 m |
| Main Level | Bedroom | 3.99 m | 2.92 m | 3.99 m x 2.92 m |
| Main Level | Bedroom 2 | 3.27 m | 2.31 m | 3.27 m x 2.31 m |
| Main Level | Living Room | 7.39 m | 4.2 m | 7.39 m x 4.2 m |
| Main Level | Dining Room | 7.39 m | 4.2 m | 7.39 m x 4.2 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29888893/342-linwood-avenue-orillia-orillia
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June 11 2026 03:48:52
Toronto Regional Real Estate Board
Lpt Realty