371 Barrie Road, Orillia, ON L3V 2S1 (Hwy 12 & Mississauga St W)

Price : $1,098,000.00 , MLS®# : S13464316

Description

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 seven 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 and high-density living, this is a cornerstone asset for any portfolio. Full financials are available upon request for serious inquiries. Don't miss out on this sophisticated blend of modern construction and strategic tax positioning.

Location Description

Hwy 12 & Mississauga St W

Property Details
  • Community: Orillia
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 10
  • Bath: 9
  • Garages: None
  • Annual Property Taxes : $ 7408
Building Features
  • Foundation Type: Block
  • Counstruction Material : Vinyl Siding
  • Total Parking Space : 6
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 50 sq.ft
  • Land Depth: 137sq.ft

Listing Contracted With: RE/MAX HALLMARK CHAY REALTY