Description
Located in downtown Barrie, this LEGAL TRIPLEX offers a strong investment opportunity with immediate income and future growth potential. The property is easy to rent, generates positive cash flow, and presents excellent potential for additional units and increased revenue.One unit is currently vacant, providing flexibility for an investor to set market rent or for owner-occupancy. All existing tenants are on month-to-month leases, offering added flexibility.Unit Breakdown: Unit 1: 1-bedroom (vacant) - estimated market rent ~$1,600/month; Unit 2: 2-bedroom - $1,681/month; Unit 3: Studio - $1,943/month( All units are all-inclusive). 2025 Annual Expenses:Water: $1,404.89; Hydro: $2,675.84; Gas: $2,873.60. An added bonus is the generous lot size, offering significant development potential. Take advantage of Bill 23, More Homes Built Faster Act, 2022, which may allow for additional residential units, maximizing long-term value and income.
Details
| MLS # | S13657858 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 15 |
| Listing Provided By | RE/MAX By The Bay Brokerage | S13657858 550500 |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.25 |
Interior
| Interior Features | None |
|---|---|
| Cooling Yes / No | No |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5139 |
|---|---|
| Tax Legal Description | LT 4 S/S HENRY ST PL 27; BARRIE |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Barrie |
| Postal Code | L4N 1C5 |
| Area | Queen's Park |
| Listing VS Median (in L4N 1C5) | |
Price: $625,000 low | high Med: $0 On site: 15 low | high Med: | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Barrie |
| Postal Code | L4N 1C5 |
| Area | Queen's Park |
| Listing VS Median (in L4N 1C5) | |
Price: $625,000 low | high Med: $0 On site: 15 low | high Med: | |
