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. (id:4069)
Address
371 BARRIE ROAD
List Price
$1,098,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Orillia
Bedrooms
10
Bathrooms
9
Half Bathrooms
1
Floor Area
2500 - 3000 Sq. Ft.
Lot Size
50 x 137 FT Sq. Ft.
Lot Depth
137 ft
Frontage Length
50 ft
MLS® Number
S13464316
Listing Brokerage
RE/MAX HALLMARK CHAY REALTY
Basement Area
Full
Postal Code
L3V2S1
Parking Places (Total)
5
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Foundation Details
Block
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
