Sean Kim
Broker
$1,098,000
Available - For Sale
Listing ID: S13464316
371 Barrie Road , Orillia, L3V 2S1, Simcoe
| 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. |
| Price | $1,098,000 |
| Taxes: | $7408.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 371 Barrie Road , Orillia, L3V 2S1, Simcoe |
| Directions/Cross Streets: | Hwy 12 & Mississauga St W |
| Rooms: | 11 |
| Rooms +: | 4 |
| Bedrooms: | 8 |
| Bedrooms +: | 2 |
| Family Room: | F |
| Basement: | Full, Walk-Up |
| Level/Floor | Room | Length(m) | Width(m) | Descriptions | |
| Room 1 | Main | Living Ro | 4.51 | 3.91 | |
| Room 2 | Main | Kitchen | 3.9 | 3.29 | |
| Room 3 | Main | Primary B | 3.69 | 3.01 | 3 Pc Ensuite |
| Room 4 | Main | Bedroom 2 | 3.61 | 3.04 | 3 Pc Ensuite |
| Room 5 | Main | Bedroom 3 | 3.64 | 3.01 | 3 Pc Ensuite |
| Room 6 | Main | Bedroom 4 | 3.61 | 3.09 | 3 Pc Ensuite |
| Room 7 | Second | Living Ro | 4.9 | 3.91 | |
| Room 8 | Second | Kitchen | 3.9 | 2.9 | |
| Room 9 | Second | Primary B | 3.58 | 3.01 | 3 Pc Bath |
| Room 10 | Second | Bedroom 2 | 3.61 | 3.21 | 3 Pc Ensuite |
| Room 11 | Second | Bedroom 3 | 3.61 | 3.09 | 3 Pc Ensuite |
| Room 12 | Lower | Recreatio | 7.42 | 4.9 | W/O To Yard |
| Room 13 | Lower | Kitchen | 3.64 | 3.44 | |
| Room 14 | Lower | Bedroom | 4.53 | 3.88 | 3 Pc Ensuite, Walk-In Closet(s) |
| Room 15 | Lower | Bedroom | 4.35 | 3.44 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Upper |
| Washroom Type 3 | 2 | Lower |
| Washroom Type 4 | 3 | Lower |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Main |
| Washroom Type 7 | 3 | Upper |
| Washroom Type 8 | 2 | Lower |
| Washroom Type 9 | 3 | Lower |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 6-15 |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 5 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Age: | 6-15 |
| Approximatly Square Footage: | 2500-3000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK CHAY REALTY |
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Sean Kim
Broker
Dir:
416-998-1113
Bus:
905-270-2000
Fax:
905-270-0047
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Simcoe |
| Municipality: | Orillia |
| Neighbourhood: | Orillia |
| Style: | 2-Storey |
| Approximate Age: | 6-15 |
| Tax: | $7,408 |
| Beds: | 8+2 |
| Baths: | 9 |
| Fireplace: | N |
| Pool: | None |
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