About 371 Barrie Road
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 of 371 Barrie Road
| MLS® # | S13464316 |
|---|---|
| Price | $1,098,000 |
| Bedrooms | 8 |
| Bathrooms | 9.00 |
| Square Footage | 2500-3000 |
| Type | Residential Freehold |
| Sub-Type | Duplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 371 Barrie Road |
|---|---|
| Area | Simcoe |
| Subdivision | Orillia |
| City | Orillia |
| Province | ON |
| Postal Code | L3V 2S1 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Basement | Full, Walk-Up |
| Kitchens | 2 |
Exterior
| Exterior | Vinyl Siding |
|---|
Listing Details
| Office | RE/MAX HALLMARK CHAY REALTY |
|---|