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371 BARRIE ROAD, Orillia — listed at $1,098,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.51 x 3.91 meters |
| Bedroom 3 | Second level | 3.61 x 3.09 meters |
| Recreational, Games room | Lower level | 7.42 x 4.9 meters |
| Kitchen | Lower level | 3.64 x 3.44 meters |
| Bedroom | Lower level | 4.53 x 3.88 meters |
| Bedroom | Lower level | 4.35 x 3.44 meters |
| Laundry room | Lower level | 3.91 x 2.85 meters |
| Bedroom 4 | Second level | 4.35 x 3.44 meters |
| Bathroom | Second level | 3.69 x 3.01 meters |
| Bathroom | Lower level | 3.69 x 3.01 meters |
| Bathroom | Lower level | 3.69 x 3.01 meters |
| Kitchen | Main level | 3.9 x 3.29 meters |
| Primary Bedroom | Main level | 3.69 x 3.01 meters |
| Bedroom 2 | Main level | 3.61 x 3.04 meters |
| Bedroom 3 | Main level | 3.64 x 3.01 meters |
| Bedroom 4 | Main level | 3.61 x 3.09 meters |
| Living room | Second level | 4.9 x 3.91 meters |
| Kitchen | Second level | 3.9 x 2.9 meters |
| Primary Bedroom | Second level | 3.58 x 3.01 meters |
| Bedroom 2 | Second level | 3.61 x 3.21 meters |
What's the parking situation?+
This property includes 5 spaces — No Garage.
Is 371 BARRIE ROAD a good fit for a growing family?+
With 10 bedrooms and 9 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 10 bedrooms and 9 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,408, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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