371 Barrie Road
Orillia, ON
- 10 bed
- 9 bath
- approx. 2500-3000 sqft
- Duplex
- 80 days on market
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $7,408
- Listed
- June 18, 2026
Price History
Property
- Style
- 2-Storey
- Age
- 6-15
- Construction
- Vinyl Siding
- Roof
- Metal
- Foundation
- Block
- Interior
- None
- Lot Size
- 50 x 137 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Hwy 12 & Mississauga St W
- Parcel Number
- 586400112
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- All Tenants belongings
- Rental Items
- None
Schools
Secondary
- Twin Lakes Secondary School0.2 km
Public · Simcoe County DSB · 835 students
Grade 10 literacy: 85% met the provincial standard
- Orillia Secondary School1.9 km
Public · Simcoe County DSB · 1275 students
Grade 10 literacy: 83% met the provincial standard
- Patrick Fogarty Catholic Secondary School3.5 km
Catholic · Simcoe Muskoka CDSB · 720 students
Grade 10 literacy: 83% met the provincial standard
Elementary
- Harriett Todd Public School0.4 km
Public · Simcoe County DSB · 470 students
Grade 3 reading: 31% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Lions Oval Public School2.1 km
Public · Simcoe County DSB · 440 students
Grade 3 reading: 63% met the provincial standard · Grade 6 math: 47% met the provincial standard
- ÉÉC Samuel-de-Champlain2.3 km
French Catholic · CS catholique MonAvenir · 140 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 41% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3V
- Population
- 48,651
- Private dwellings
- 22,293
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Orillia · last 12 months
- Median sold price
- $590,000
- Homes sold
- 537
- Median days on market
- 27
- Sale-to-list price
- 96.4%
Based on 537 recorded sales of residential freehold properties in Orillia over the last 12 months.
Rooms
4 × 3-piece on Main, 3 × 3-piece on Upper, 2-piece on Lower, 3-piece on Lower
Second
- Bathroom12'1" x 9'11"
- Bedroom 211'10" x 10'6"
- Bedroom 311'10" x 10'2"
- Bedroom 414'3" x 11'3"
- Kitchen12'10" x 9'6"
- Living Room16'1" x 12'10"
- Primary Bedroom11'9" x 9'11"
Main
- Bedroom 211'10" x 10'
- Bedroom 311'11" x 9'11"
- Bedroom 411'10" x 10'2"
- Kitchen12'10" x 10'10"
- Living Room14'10" x 12'10"
- Primary Bedroom12'1" x 9'11"
Lower
- Bathroom12'1" x 9'11"
- Bathroom12'1" x 9'11"
- Bedroom14'3" x 11'3"
- Bedroom14'10" x 12'9"
- Kitchen11'11" x 11'3"
- Laundry12'10" x 9'4"
- Recreation24'4" x 16'1"
Listed by
RE/MAX HALLMARK CHAY REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$219,600
Estimated Monthly Payment
$5,394
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,394/mo (20% down, 5.5%)
Taxes: $617/mo · Insurance: $275/mo
Estimates only. Consult a financial advisor.
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