Gurvinder Nokwal REALTOR®
For Sale Duplex 122 days on market

$1,098,000

Est. payment $4,862/moCalculate yours

371 Barrie Road, Orillia, ON L3V 2S1

Orillia, Orillia, ON L3V 2S1

  • 8 + 2 Beds
  • 9 Baths
  • 2,500 Sq Ft

Listing courtesy of RE/MAX HALLMARK CHAY REALTY MLS® S13464316

About this home

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.

Property details

Overview

Property Type
Duplex
Style
2-Storey
For
For Sale
Status
New
Approximate Age
6-15
Size
2,500 sqft

Interior

Bedrooms
8 + 2
Bathrooms
9
Kitchens
3
Basement
Full, Walk-Up

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Vinyl Siding
Foundation
Block
Roof
Metal
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
50 x 137 Feet
Parking
None garage · 5 total

Financial

Property Taxes
$7,408 (2025)

Location

Neighbourhood
Orillia
Cross Street
Hwy 12 & Mississauga St W
Direction Faces
South

Listing

MLS® Number
S13464316
Days on Market
122
Listed On
2026-06-18
Possession
Flexible
Listed By
RE/MAX HALLMARK CHAY REALTY

Rooms

Room Level Dimensions
Recreation Lower 24′ 4″ × 16′ 1″
Bathroom Lower 12′ 1″ × 9′ 11″
Primary Bedroom Second 11′ 9″ × 9′ 11″
Bedroom 2 Main 11′ 10″ × 10′ 0″
Kitchen Lower 11′ 11″ × 11′ 3″
Bedroom Lower 14′ 3″ × 11′ 3″
Living Room Second 16′ 1″ × 12′ 10″
Kitchen Second 12′ 10″ × 9′ 6″
Bedroom 4 Second 14′ 3″ × 11′ 3″
Primary Bedroom Main 12′ 1″ × 9′ 11″
Bathroom Lower 12′ 1″ × 9′ 11″
Bedroom Lower 14′ 10″ × 12′ 9″
Bedroom 4 Main 11′ 10″ × 10′ 2″
Bathroom Second 12′ 1″ × 9′ 11″
Living Room Main 14′ 10″ × 12′ 10″
Bedroom 3 Second 11′ 10″ × 10′ 2″
Bedroom 2 Second 11′ 10″ × 10′ 6″
Laundry Lower 12′ 10″ × 9′ 4″
Kitchen Main 12′ 10″ × 10′ 10″
Bedroom 3 Main 11′ 11″ × 9′ 11″

Features

Interior

  • None

Pool

  • None
Excluded
All Tenants belongings
Rental items
None

Mortgage calculator

Minimum for this price: $84,800 (7.72%)

Amortization, years

Estimated mortgage payment

$4,862 per month

Principal and interest
$4,862
Property tax
$617
Estimated monthly cost
$5,479

Your mortgage

Mortgage amount
$878,400
Mortgage insurance
Not needed
Interest over 25 years
$580,112

Cash to close

Down payment
$219,600
Land transfer tax
$18,435
Total, before legal fees
$238,035
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

371 Barrie Road, Orillia, ON L3V 2S1 Orillia, Orillia, ON L3V 2S1
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,098,000 371 Barrie Road, Orillia, ON L3V 2S1
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