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:61852)
Property Details
| MLS® Number | S13431266 |
| Property Type | Multi-family |
| Community Name | Orillia |
| AmenitiesNearBy | Beach, Hospital, Schools |
| ParkingSpaceTotal | 3 |
| Structure | Deck, Porch, Shed |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 5 |
| Appliances | Dryer, Storage Shed, Two Stoves, Two Washers, Two Refrigerators |
| BasementFeatures | Separate Entrance |
| BasementType | N/a |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FlooringType | Hardwood, Laminate |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Beach, Hospital, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 116 Ft ,4 In |
| SizeFrontage | 41 Ft |
| SizeIrregular | 41 X 116.4 Ft |
| SizeTotalText | 41 X 116.4 Ft|under 1/2 Acre |
| SurfaceWater | Lake/pond |
| ZoningDescription | 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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Lindsay Weldon
Salesperson
5100-333 Bay St
Toronto, Ontario M5H 2R2
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June 11 2026 03:48:52
Toronto Real Estate Board
Lpt Realty