371 Barrie Road Orillia, Ontario L3V 2S1
$1,098,000
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. (id:49203)
Property Details
| MLS® Number | S13464316 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Equipment Type | None |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 9 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 10 |
| Age | 6 To 15 Years |
| Basement Features | Walk-up |
| Basement Type | Full |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 137 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 137 Ft |
| Size Total Text | 50 X 137 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 3 | 3.61 m | 3.09 m | 3.61 m x 3.09 m |
| Second Level | Bedroom 4 | 4.35 m | 3.44 m | 4.35 m x 3.44 m |
| Second Level | Bathroom | 3.69 m | 3.01 m | 3.69 m x 3.01 m |
| Second Level | Living Room | 4.9 m | 3.91 m | 4.9 m x 3.91 m |
| Second Level | Kitchen | 3.9 m | 2.9 m | 3.9 m x 2.9 m |
| Second Level | Primary Bedroom | 3.58 m | 3.01 m | 3.58 m x 3.01 m |
| Second Level | Bedroom 2 | 3.61 m | 3.21 m | 3.61 m x 3.21 m |
| Lower Level | Recreational, Games Room | 7.42 m | 4.9 m | 7.42 m x 4.9 m |
| Lower Level | Kitchen | 3.64 m | 3.44 m | 3.64 m x 3.44 m |
| Lower Level | Bedroom | 4.53 m | 3.88 m | 4.53 m x 3.88 m |
| Lower Level | Bedroom | 4.35 m | 3.44 m | 4.35 m x 3.44 m |
| Lower Level | Laundry Room | 3.91 m | 2.85 m | 3.91 m x 2.85 m |
| Lower Level | Bathroom | 3.69 m | 3.01 m | 3.69 m x 3.01 m |
| Lower Level | Bathroom | 3.69 m | 3.01 m | 3.69 m x 3.01 m |
| Main Level | Living Room | 4.51 m | 3.91 m | 4.51 m x 3.91 m |
| Main Level | Kitchen | 3.9 m | 3.29 m | 3.9 m x 3.29 m |
| Main Level | Primary Bedroom | 3.69 m | 3.01 m | 3.69 m x 3.01 m |
| Main Level | Bedroom 2 | 3.61 m | 3.04 m | 3.61 m x 3.04 m |
| Main Level | Bedroom 3 | 3.64 m | 3.01 m | 3.64 m x 3.01 m |
| Main Level | Bedroom 4 | 3.61 m | 3.09 m | 3.61 m x 3.09 m |
https://www.realtor.ca/real-estate/29925428/371-barrie-road-orillia-orillia
Contact Us
Contact us for more information
Lance Chilton
Broker
www.thechiltonteam.com/
www.facebook.com/thechiltonteam
www.twitter.com/thechiltonteam
218 Bayfield St, 100078 & 100431
Barrie, Ontario L4M 3B6
(705) 722-7100
(705) 722-5246
www.remaxchay.com/
Joe Bubel
Salesperson
218 Bayfield St, 100078 & 100431
Barrie, Ontario L4M 3B6
(705) 722-7100
(705) 722-5246
www.remaxchay.com/
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June 26 2026 03:35:12
Toronto Regional Real Estate Board
RE/MAX Hallmark Chay Realty