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$1,098,000
Available - For Sale
Listing ID: S13464316
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.
Price $1,098,000
Taxes: $7,408
Assessment Year: 2025
Occupancy by: Tenant
Address: 371 Barrie Road , Orillia, L3V 2S1, Simcoe
Directions/Cross Streets: Hwy 12 & Mississauga St W
Rooms: 11
Rooms +: 4
Bedrooms: 8
Bedrooms +: 2
Washrooms: 9
Family Room: F
Basement: Full
Walk-Up
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 14.79 12.82
Room 2: Main Kitchen 12.79 10.79
Room 3: Main Primary B 12.10 9.87 3 Pc Ensuite
Room 4: Main Bedroom 2 11.84 9.97 3 Pc Ensuite
Room 5: Main Bedroom 3 11.94 9.87 3 Pc Ensuite
Room 6: Main Bedroom 4 11.84 10.14 3 Pc Ensuite
Room 7: Second Living Ro 16.07 12.82
Room 8: Second Kitchen 12.79 9.51
Room 9: Second Primary B 11.74 9.87 3 Pc Bath
Room 10: Second Bedroom 2 11.84 10.53 3 Pc Ensuite
Room 11: Second Bedroom 3 11.84 10.14 3 Pc Ensuite
Room 12: Lower Recreatio 24.34 16.07 W/O To Yard
Room 13: Lower Kitchen 11.94 11.28
Room 14: Lower Bedroom 14.86 12.73 3 Pc Ensuite, Walk-In Closet(s)
Room 15: Lower Bedroom 14.27 11.28
No. of Pieces Level
Washroom 1 3 Main
Washroom 2 3 Upper
Washroom 3 2 Lower
Washroom 4 3 Lower
Washroom 5 0
Washroom 6 3 Main
Washroom 7 3 Upper
Washroom 8 2 Lower
Washroom 9 3 Lower
Washroom 10 0
Property Type: Duplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 5
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 6-15
Approximatly Square Footage: 2500-3000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK CHAY REALTY

371 Barrie Road , Orillia, L3V 2S1, Simcoe

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
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(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Freehold - Duplex
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style: 2-Storey
Lot Size: x 137.00(Feet)
Approximate Age: 6-15
Tax: $7,408
Maintenance Fee: $0
Beds: 8+2
Baths: 9
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949