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8 + 2
BEDROOMS9
BATHROOMS2 + 1
KITCHENS11 + 4
ROOMSS13464316
MLSIDContact Us
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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Property Features
None, Private
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Property Details
Address
371 Barrie Road
Community
City
Postal Code
L3V 2S1
Property Type
Duplex, Duplex
Lot Size
50' x 137'
Taxes
$7,408 (2025
Basement
Full, Walk-Up
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Re/Max Hallmark Chay Realty
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