ONSimcoeOrillia371 Barrie Road
371 Barrie Road
Interior view
Interior view
40
New
Duplex

371 Barrie Road

Orillia, ON, L3V 2S1

Residential Freehold
Area
2500-3000 sq.ft
Bed
10
Bedrooms
Bath
9
Bathrooms
Parking
5
Single Garage

Asking Price

$1,098,000

Property Description

Original Remarks

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 and high-density living, this is a cornerstone asset for any portfolio. Full financials are available upon request for serious inquiries. Don't miss out on this sophisticated blend of modern construction and strategic tax positioning.

PROPERTY HISTORY

371 Barrie Road

Type:Duplex
Style:2-Storey
Size Range:2500-3000
Above grade sq.ft.:-
Below grade sq.ft:-
Total sq.ft:-
Listing ID:S13464316
Community:Orillia
Days on Market:-
Year Built:-
Age range:6-15
Basement:Full, Walk-Up
Ownership Type:Residential Freehold
Condo Fee:N/A
Yearly Taxes:$7,408/yr (2025)
Municipality:Orillia
Lot Size:50.00 x 137.00 Feet

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