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Jordan Rossman

jordan@rossmanteam.com +1(705) 345-0797

$ 399,000

Est. payment -/mo

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Price Dropped by $39K

12 Lankin BLVD ##37 Orillia, ON L3V6T2

3 Beds

1 Bath

1,200 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1200 - 1399

Square Footage 1,200 sqft

Price per Sqft $332

Subdivision Orillia

MLS® Listing ID S13043796

Style Multi-level

Bedrooms 3

Condo Fees $215/mo

Property Sub-Type 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! (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Second level 4.14 m X 3.25 m Primary Bedroom

Extra Room 2 Second level 2.54 m X 2.31 m Bathroom

Extra Room 3 Third level 5.74 m X 2.87 m Bedroom 2

Extra Room 4 Third level 4.67 m X 2.71 m Bedroom 3

Extra Room 5 Basement 5.74 m X 5.66 m Other

Extra Room 6 Main level 2.43 m X 2.31 m Foyer

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

Community Features Pets Allowed With Restrictions, School Bus

View Y/N No

Attached Garage Yes

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Architectural Style Multi-level

Others

Ownership Condominium/Strata

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Listed by ONE PERCENT REALTY LTD.

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Jordan Rossman

+1(705) 345-0797

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Orillia

Jordan Rossman

12 Lankin BLVD ##37 Orillia, ON L3V6T2

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

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12 Lankin BLVD ##37