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$1,098,000
Est. payment /mo
10 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Orillia
MLS Listing ID S13464316
Style 2-Storey
Bedrooms 10
Annual Tax Amount $7,408
Tax Year 2025
Property Sub-Type Duplex
Property Description
Investor Alert! Seize a rare, high-yield opportunity with this modern, purpose-built legal duplex at 371 Barrie Street, Orillia. Constructed in 2018, this turnkey property is being sold as a corporation, offering savvy buyers significant tax savings on the purchase and the added financial advantage of a carry-forward loss. Designed for maximum rental efficiency and comfort, the building features two expansive above-ground floors housing a total of eight bedrooms-each uniquely equipped with its own private bathroom. These levels provide bright, spacious common living areas and well-appointed kitchens for residents. Adding even more value is the self-contained walk-out lower level, which serves as a full two-bedroom, two-bathroom apartment. With a realistic 7% cap rate and a layout optimized for low-vacancy this is a cornerstone asset for any portfolio. Don't miss out on this sophisticated blend of modern construction and strategic tax positioning.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Full, Walk-Up
Kitchen 3
Separate Den/Office 2
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Metal
Lot Frontage 50.0
Lot Depth 137.0
Total Parking Spaces 5
Building
Building Age 6-15
Foundation Block
Others
ParcelsYN No
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Listed by RE/MAX HALLMARK CHAY REALTY
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