• 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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371 Barrie Road, Orillia, ON L3V 2S1
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371 Barrie Road, Orillia, ON L3V 2S1

Orillia, ON, L3V 2S1 · Orillia

10 Beds
9 Baths
— Sq Ft
5 Parking
Duplex Type
S13464316 MLS#

About this property

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.

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

Listing courtesy of RE/MAX HALLMARK CHAY REALTY
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Contact Info

  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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