371 Barrie Road, Orillia, ON L3V 2S1
- $1,098,000
- 10
- BD
- 9
- BA
- 2,500
- SqFt
- List Price
- $1,098,000
- MLS#
- S13464316
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Duplex
- Style
- 2-Storey
- Bedrooms
- 10
- Bathrooms
- 9
- Living Area
- 2500-3000
- Province
- ON
- Municipality
- Orillia
- Area
- Simcoe
- Neighborhood
- Orillia
- Subdivision
- Hwy 12 & Mississauga St W
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.
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Additional Information
- Taxes
- $7,408
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 3
- Exterior
- Vinyl Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 5
- Parking Type
- Private
Mortgage Calculator
Listing courtesy of RE/MAX HALLMARK CHAY REALTY.