371 Barrie RD, Orillia, ON L3V 2S1
371 Barrie RD, Orillia, ON L3V 2S1
371 Barrie RD, Orillia, ON L3V 2S1
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Jen Scholte

Jen Scholte

+1(705) 444-4949
$1,098,000
Est. payment /mo
8 Beds
9 Baths
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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 8

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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Jen Scholte

Jen Scholte

+1(705) 444-4949

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371 Barrie RD