$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
Features
Interior
- None
Pool
- None
- Excluded
- All Tenants belongings
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$4,862 per month
- Principal and interest
- $4,862
- Property tax
- $617
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $238,035
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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