For sale · Orillia, Orillia
371 Barrie Road, Orillia
$1,098,000
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- Property type
- Multi-family
- Bedrooms
- 8+2
- Bathrooms
- 9
- Parking
- 5
- Approx. size
- 2500–3000 sq ft
- Postal code
- L3V2S1
- MLS® number
- S13464316
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Narrated summary of this listing
About this property
Investor Alert! SAVE ON TAXES. VTB AVAILABLE (to qualified buyers) 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. (id:66289)
Schools & boundaries
Property details
- Neighbourhood
- Orillia
- Storeys
- 2
- Basement
- Full, Walk-up
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Foundation
- Block
- Lot size
- 50 x 137 FT
- Frontage
- 50 feet
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Annual taxes
- $7,408 (2025)
- Parking type
- No Garage
- Cross streets
- Cross Streets: Hwy 12 & Mississauga St W. ** Directions: HWY 11 to HWY 12 to Mississaga St W to Barrie Road.
Features
Interior & exterior
- Vinyl siding
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.51 × 3.91 m |
| Bedroom 3 | Second level | 3.61 × 3.09 m |
| Recreational, Games room | Lower level | 7.42 × 4.9 m |
| Kitchen | Lower level | 3.64 × 3.44 m |
| Bedroom | Lower level | 4.53 × 3.88 m |
| Bedroom | Lower level | 4.35 × 3.44 m |
| Laundry room | Lower level | 3.91 × 2.85 m |
| Bedroom 4 | Second level | 4.35 × 3.44 m |
| Bathroom | Second level | 3.69 × 3.01 m |
| Bathroom | Lower level | 3.69 × 3.01 m |
| Bathroom | Lower level | 3.69 × 3.01 m |
| Kitchen | Main level | 3.9 × 3.29 m |
| Primary Bedroom | Main level | 3.69 × 3.01 m |
| Bedroom 2 | Main level | 3.61 × 3.04 m |
| Bedroom 3 | Main level | 3.64 × 3.01 m |
| Bedroom 4 | Main level | 3.61 × 3.09 m |
| Living room | Second level | 4.9 × 3.91 m |
| Kitchen | Second level | 3.9 × 2.9 m |
| Primary Bedroom | Second level | 3.58 × 3.01 m |
| Bedroom 2 | Second level | 3.61 × 3.21 m |
Listing courtesy of RE/MAX HALLMARK CHAY REALTY. The listing data displayed on this site is provided under copyright by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®). Information is deemed reliable but is not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.