371 Barrie Road, Orillia, ON L3V 2S1
Orillia, ON L3V 2S1
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.
Property facts & features
- Days on market
- Not reported
- Property type
- Duplex
- MLS® number
- S13464316
- Source status
- New
- Bedrooms
- 10
- Bathrooms
- 9
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- L3V 2S1
- Parking spaces
- 5
- Garage
- None
- Lot depth (source units)
- 137
- Annual property tax
- 7408
- Basement
- Full, Walk-Up
- Laundry
- Not provided
- Interior features
- None
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 137 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Rooms & virtual tours
View source-reported room dimensions when available.
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 8
- Bedrooms below grade
- 2
- Rooms above grade
- 11
- Rooms below grade
- 4
- Den / family room reported
- No
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $1,098,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
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Explore active properties in Orillia →Listing brokerage: RE/MAX HALLMARK CHAY REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® S13464316. Information deemed reliable but not guaranteed.