FOR SALE
$789,900
129 Colborne, Orillia, ON, L3V 8P6
3
3
2000-2500
About the 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.
About the 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 Details
MLS#:
S13464316
Status:
For Sale
Property Type:
Duplex
Central A/C:
No
Bedrooms:
8+2
Heating Fuel:
Forced Air
Bathrooms:
9
Heating Type:
Forced Air
Parking:
5 Spots
Cross Street:
Hwy 12 & Mississauga St W
Basement:
Full, Walk-Up
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 Details
MLS#:
S13464316
Status:
For Sale
Property Type:
Duplex
Central A/C:
No
Bedrooms:
8+2
Heating Fuel:
Forced Air
Bathrooms:
9
Heating Type:
Forced Air
Parking:
5 Spots
Cross Street:
Hwy 12 & Mississauga St W
Basement:
Full, Walk-Up
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Presented By:
RE/MAX HALLMARK CHAY REALTY
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Presented By:
RE/MAX HALLMARK CHAY REALTY