+ 35 photos
For Sale
MLS®# S13464316
371 Barrie Road, Orillia, ON L3V 2S1
Orillia, ON L3V 2S1
$1,098,000
Est. $4,664/mo · 20% down, 25-yr, 4.09%
8 + 2Beds
9Baths
50 × 137 ftLot
5Parking
DuplexType
About this property
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.
Property Summary
Property TypeDuplex
Square Footage2500 - 3000 sq ft
Community NameOrillia
Land Size50 x 137 ft
Age of Building6-15
Annual Property Taxes$7,408.00
Tax Year2025
Parking TypeNone Garage, Private
Building details
Bedrooms8 + 2 (total 10)
Bathrooms / washrooms9 — 3-pc Main, 3-pc Upper, 2-pc Lower, 3-pc Lower
Kitchens2 + 1
Rooms11 + 4
Property typeDuplex
Architectural style2-Storey
Approximate age6-15
Room dimensions
| # | Room | Level | Dimensions | Features |
|---|---|---|---|---|
| 1 | Living Room | Main | 4.51 × 3.91 ft | |
| 2 | Kitchen | Main | 3.9 × 3.29 ft | |
| 3 | Primary Bedroom | Main | 3.69 × 3.01 ft | 3 Pc Ensuite |
| 4 | Bedroom 2 | Main | 3.61 × 3.04 ft | 3 Pc Ensuite |
| 5 | Bedroom 3 | Main | 3.64 × 3.01 ft | 3 Pc Ensuite |
| 6 | Bedroom 4 | Main | 3.61 × 3.09 ft | 3 Pc Ensuite |
| 7 | Living Room | Second | 4.9 × 3.91 ft | |
| 8 | Kitchen | Second | 3.9 × 2.9 ft | |
| 9 | Primary Bedroom | Second | 3.58 × 3.01 ft | 3 Pc Bath |
| 10 | Bedroom 2 | Second | 3.61 × 3.21 ft | 3 Pc Ensuite |
| 11 | Bedroom 3 | Second | 3.61 × 3.09 ft | 3 Pc Ensuite |
| 12 | Recreation | Lower | 7.42 × 4.9 ft | W/O To Yard |
| 13 | Kitchen | Lower | 3.64 × 3.44 ft | |
| 14 | Bedroom | Lower | 4.53 × 3.88 ft | 3 Pc Ensuite, Walk-In Closet(s) |
| 15 | Bedroom | Lower | 4.35 × 3.44 ft | |
| 16 | Laundry | Lower | 3.91 × 2.85 ft | |
| 17 | Bedroom 4 | Second | 4.35 × 3.44 ft | |
| 18 | Bathroom | Second | 3.69 × 3.01 ft | 3 Pc Ensuite |
| 19 | Bathroom | Lower | 3.69 × 3.01 ft | 2 Pc Bath |
| 20 | Bathroom | Lower | 3.69 × 3.01 ft | 3 Pc Bath |
Lot & land
Lot dimensions50 × 137 ft
Lot frontage50 ft
Lot depth137 ft
Interior Features
Basement FeaturesFull, Walk-Up
Interior FeaturesNone
ExclusionsAll Tenants belongings
Building Features
Foundation TypeBlock
Style2-Storey
RoofMetal
ConstructionVinyl Siding
Building Amenities
PoolNone
Rental Equipment
Rental equipmentNone
Heating & Cooling
CoolingCentral Air
Heating TypeForced Air
Heating SourceGas
Utilities
Utility SewerSewer
Parking
Parking TypeNone Garage, Private
Total Parking Spaces5
Taxes & fees
Annual taxes$7,408 (2025)
Listing history
On market sinceJun 18, 2026
Location
Orillia, ON L3V 2S1
Listed by RE/MAX HALLMARK CHAY REALTY, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.