ON
Orillia
L3V6T2
12 Lankin Boulevard #37
12 Lankin Boulevard #37, Orillia, ON L3V6T2
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Listing Type
Condo/Townhome
Listing Status
Active
33
$399,000

Home Details for 12 Lankin Boulevard #37

Price
$399,000
Type
Residential
Bedrooms
3
Total Bathrooms
1
Days on site
54
Listing #
S13043796
Hoa
215.99
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:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Garage
    • 1
  • Parking
    • Attached
Listing Courtesy: ONE PERCENT REALTY LTD.
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EXIT REALTY MATRIX, BROKERAGE
87 John Street, Hawkesbury, ON K6A 1Y1
Jonathan-Sebastien Parent
License #: 6002211
Sales Representative
Office
613 632 0707
Agent
613 897 4994
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