371 Barrie Road, Orillia, ON L3V 2S1
Orillia · Near Hwy 12 & Mississauga St W · View map
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.
The home
- Type
- Duplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 8
- Basement bedrooms
- 2
- Bathrooms
- 9
- Kitchens
- 3
- Rooms
- 11
- Basement
- Full, Walk-Up
- Lot size
- 50 x 137 ft
- Faces
- South
- Approximate age
- 6-15 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 5
- Total parking
- 5
- Parking features
- Private
Taxes & other
- Property taxes
- $7,408/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Hwy 12 & Mississauga St W
- Neighbourhood
- Orillia
More
- Price per sq ft
- ~$399 (at 2,750 sq ft)
- MLS® number
- S13464316
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
371 Barrie Road, Orillia, ON L3V 2S1
Orillia · Near Hwy 12 & Mississauga St W
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Listing history for 371 Barrie Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 371 Barrie Road
Answers come straight from this home’s MLS® listing.
How much is 371 Barrie Road listed for, and what would it cost each month?
371 Barrie Road is listed for $1,098,000. With 20% down ($219,600), the mortgage payment would be roughly $4,429 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,046 a month, all in. That figure is an illustration, not a quote.
Is 371 Barrie Road freehold or a condo, and is there a monthly fee?
371 Barrie Road is a duplex in Orillia. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 371 Barrie Road have?
371 Barrie Road has 8 bedrooms, plus 2 more bedrooms in the basement, and 9 bathrooms. The listing gives the style as 2-storey.
Does 371 Barrie Road have a garage and parking?
The listing does not show a garage. The driveway adds 5 spaces. In total the listing counts 5 parking spaces.
Does 371 Barrie Road have a finished basement?
The listing describes the basement as full, walk-up. It counts 2 bedrooms on that level.
What style of home is 371 Barrie Road?
371 Barrie Road is a duplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 371 Barrie Road, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 137 ft.
How is 371 Barrie Road heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 371 Barrie Road?
Property taxes are $7,408 a year (2025), or about $617 a month.
Where is 371 Barrie Road?
371 Barrie Road is in Orillia. The nearest main intersection is Hwy 12 & Mississauga St W. The postal code is L3V 2S1.
Is 371 Barrie Road still for sale?
Yes. It is an active listing (MLS® S13464316). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 371 Barrie Road asking?
Similar properties for sale nearby right now include 416 Gill Street at $1,150,000 (8 bed), 240 Clayborne Place at $989,000 (6 bed) and 84 Mississaga Street W at $825,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 371 Barrie Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 371 Barrie Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Fourplex$825,00084 Mississaga Street W, Orillia6 bed · 4 bath · OrilliaCourtesy of: Century 21 B.J. Roth Realty Ltd.View home →Courtesy of: RE/MAX HALLMARK CHAY REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.