371 Barrie Road, Orillia, ON L3V 2S1
Orillia, ON, L3V 2S1 · Orillia
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.
Features & Amenities
- Basement: Full, Walk-Up
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 2-Storey |
| Bedrooms | 10 |
| Bathrooms | 9 |
| Basement | Full, Walk-Up |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $7,408 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Block
- Roof
- Metal
- Basement
- Full, Walk-Up
- Approximate Age
- 6-15
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
- Parking Total
- 5.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 137.00
- Lot Width
- 50.00
Financial & Tax
- Tax Annual Amount
- $7,408
- Tax Year
- 2025
- Tax Assessed Value
- $490,000
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 11
- Rooms Below Grade
- 4
- Kitchens Above Grade
- 2
- Kitchens Total
- 3
- Bedrooms Above Grade
- 8
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Simcoe
- Cross Street
- Hwy 12 & Mississauga St W
- Directions
- HWY 11 to HWY 12 to Mississaga St W to Barrie Road
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
371 Barrie Road, Orillia, ON L3V 2S1, Orillia, ON, L3V 2S1