Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

371 Barrie Road, Orillia, ON L3V 2S1 (Hwy 12 & Mississauga St W)
$ 1098000 - MLS : S13464316

From Our Gallery

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 Detail

Community: Orillia
Property Type: Tenant/Residential Freehold
Bedrooms: 10
Bath: 9
Garages: None
Annual Property Taxes : $ 7408

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Block
Counstruction Material : Vinyl Siding
Total Parking Space : 6
Parking Type : None

Amenities

Heating : Forced AirGas
Sewer : Sewer ,

Listing Contracted With: RE/MAX HALLMARK CHAY REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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