371 BARRIE ROAD, Orillia, Ontario L3V 2S1
$1,098,000.00
- 10 bedrooms
- 9 bathrooms
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 ... read more
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:25417)
- Listing ID: S13464316
- Property Type: Multi-family
| Rooms | Level | Dimensions |
|---|---|---|
| Bedroom 3 | Second level | 3.61 m x 3.09 m |
| Bedroom 4 | Second level | 4.35 m x 3.44 m |
| Bathroom | Second level | 3.69 m x 3.01 m |
| Living room | Second level | 4.9 m x 3.91 m |
| Kitchen | Second level | 3.9 m x 2.9 m |
| Primary Bedroom | Second level | 3.58 m x 3.01 m |
| Bedroom 2 | Second level | 3.61 m x 3.21 m |
| Recreational, Games room | Lower level | 7.42 m x 4.9 m |
| Kitchen | Lower level | 3.64 m x 3.44 m |
| Bedroom | Lower level | 4.53 m x 3.88 m |
| Bedroom | Lower level | 4.35 m x 3.44 m |
| Laundry room | Lower level | 3.91 m x 2.85 m |
| Bathroom | Lower level | 3.69 m x 3.01 m |
| Bathroom | Lower level | 3.69 m x 3.01 m |
| Living room | Main level | 4.51 m x 3.91 m |
| Kitchen | Main level | 3.9 m x 3.29 m |
| Primary Bedroom | Main level | 3.69 m x 3.01 m |
| Bedroom 2 | Main level | 3.61 m x 3.04 m |
| Bedroom 3 | Main level | 3.64 m x 3.01 m |
| Bedroom 4 | Main level | 3.61 m x 3.09 m |
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