371 Barrie Road
Orillia
Orillia
L3V 2S1
$1,098,000
Residential Freehold
beds: 8+2
baths: 9.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- S13464316
- Bedrooms:
- 8+2
- Bathrooms:
- 9
- Photos (40)
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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.
- Under Contract:
- None
- Property Type:
- Residential Freehold
- Property Sub Type:
- Duplex
- Home Style:
- 2-Storey
- Approx. Age:
- 6-15
- Total Approx Floor Area:
- 2500-3000
- Lot Depth:
- 137'41.8 m
- Lot Frontage:
- 50'15.2 m
- Lot Shape:
- Rectangular
- Direction Faces:
- South
- Bedrooms:
- 8+2
- Bathrooms:
- 9.0
- Water supply:
- Municipal
- Kitchens:
- 3
- Kitchens in Basement:
- 1
- Bedrooms Above Grade:
- 8
- Bedrooms Below Grade:
- 2
- Kitchens Above Grade:
- 2
- Rooms Above Grade:
- 11
- Rooms Below Grade:
- 4
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Block
- Roof:
- Metal
- Basement:
- Full, Walk-Up
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Private
- Parking Spaces:
- 5
- Total Parking Spaces:
- 5.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment:
- $490,000
- Assessment Year:
- 2025
- Taxes:
- $7,408 / 2025
- Assessment:
- $490,000.00 / 2025
- Simcoe
- Orillia
- Orillia
- None
- None
- All Tenants belongings
- Vinyl Siding
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 14'9½"4.51 m × 12'10"3.91 m
- Main
- Kitchen
- 12'9½"3.90 m × 10'9½"3.29 m
- Main
- Primary Bedroom
- 12'1"3.68 m × 9'10½"3.01 m
- 3 Pc Ensuite
- Main
- Bedroom 2
- 11'10"3.61 m × 10'3.05 m
- 3 Pc Ensuite
- Main
- Bedroom 3
- 11'11"3.63 m × 9'10½"3.01 m
- 3 Pc Ensuite
- Main
- Bedroom 4
- 11'10"3.61 m × 10'2"3.10 m
- 3 Pc Ensuite
- Second
- Living Room
- 16'1"4.90 m × 12'10"3.91 m
- Second
- Kitchen
- 12'9½"3.90 m × 9'6"2.90 m
- Second
- Primary Bedroom
- 11'9"3.58 m × 9'10½"3.01 m
- 3 Pc Bath
- Second
- Bedroom 2
- 11'10"3.61 m × 10'6"3.20 m
- 3 Pc Ensuite
- Second
- Bedroom 3
- 11'10"3.61 m × 10'2"3.10 m
- 3 Pc Ensuite
- Lower
- Recreation
- 24'4"7.42 m × 16'1"4.90 m
- W/O To Yard
- Lower
- Kitchen
- 11'11"3.63 m × 11'3"3.43 m
- Lower
- Bedroom
- 14'10"4.52 m × 12'8¾"3.88 m
- 3 Pc Ensuite, Walk-In Closet(s)
- Lower
- Bedroom
- 14'3¼"4.35 m × 11'3"3.43 m
- Lower
- Laundry
- 12'10"3.91 m × 9'4¼"2.85 m
- Second
- Bedroom 4
- 14'3¼"4.35 m × 11'3"3.43 m
- Floor
- Ensuite
- Pieces
- Other
- Second
- Yes
- 3
- 12'1" x 9'10½" 3 Pc Ensuite
- Lower
- No
- 2
- 12'1" x 9'10½" 2 Pc Bath
- Lower
- No
- 3
- 12'1" x 9'10½" 3 Pc Bath
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Listed by RE/MAX HALLMARK CHAY REALTY
Data was last updated June 30, 2026 at 06:15 PM (UTC)
- DAVID WEEKS
- CENTURY 21 B.J ROTH REALTY LTD
- 1 (705) 3218707
- Contact by Email
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