371 BARRIE ROAD, Orillia
$1,098,000
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 10 bedrooms, 9 bathrooms
- Living area
- 3,000 sqft
- MLS®
- MLS® S13464316
- Neighbourhood
- Orillia
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.
Sold data
Multiplex homes in Orillia — recent sold market
Multiplex homes in Orillia took a median of 31 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 54, across 40 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $616,950.
Homes sold for about 4.7% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
- Median days to sell
- 31
- Median sale price
- $616,950
- Sale-to-list ratio
- 95.3%
- Sold above asking
- 3%
Based on 40 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Orillia
Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.
- Rated schools
- 14
- Elementary
- 11
- Secondary
- 3
- Average rating
- 5.1 / 10
Top-rated schools in Orillia
- Notre Dame — elementaryFraser rating 6.1/10
- Marchmont — elementaryFraser rating 6.0/10
- Harriett Todd — elementaryFraser rating 5.8/10
- Monsignor Lee — elementaryFraser rating 5.6/10
- St Bernard's — elementaryFraser rating 5.6/10
- Ardtrea/Cumberland Beach — elementaryFraser rating 5.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 371 BARRIE ROAD
$949,888
Multiplex7+333,000–3,500 sqft329 EDGEHILL DRIVE, Edgehill Drive, Barrie
$1,099,900
Other341,500–2,000 sqft89 LIGHTFOOT DRIVE, Orillia, Orillia
$1,150,000
Detached332,000–2,500 sqft3714 QUAYSIDE DRIVE, West Shore, Severn
$1,100,000
Detached442,500–3,000 sqft3587 LAUDERDALE POINT CRESCENT, Rural Severn, Severn
$1,099,900
Detached443,000–3,500 sqft37 FALLING BROOK DRIVE, Bayshore, Barrie
$804,900
Detached432,000–2,500 sqft2974 MONARCH DRIVE, Orillia, Orillia
$1,189,000
Detached443,000–3,500 sqft1665 EMBERTON WAY, Alcona, Innisfil
$769,900
Detached432,000–2,500 sqftLOT 46 ORION BOULEVARD, Orillia, Orillia