$829,000

Investment For Sale In Barrie, Ontario

$829,000

Property Information:

CALLING ALL INVESTORS & SAVVY BUYERS – TRIPLEX IN PRIME BARRIE LOCATION WITH EXCEPTIONAL INCOME POTENTIAL! Discover this incredible legal non-conforming triplex, ideally situated on a generous 66 x 165 ft lot in the heart of Barrie. This multi-unit gem is zoned RM2 (SP-189), allowing for three or more dwelling units and even potential office use under specific conditions. With ample parking space accommodating ten cars in the driveway and additional room for 10+ vehicles, this property is ready to meet the demands of tenants and owners alike. Inside, you'll find two well-appointed 2-bedroom units and a bachelor unit, each equipped with a bathroom. Unit 1 boasts the convenience of in-suite laundry, while Units 2 and 3 offer shared laundry facilities in a common area. The upgraded main level and newer 200-amp electrical service, paired with updated shingles, provide added peace of mind and functional upgrades. Two of the three units are already tenanted, ensuring immediate income potential and a seamless transition for new owners. Ideally located close to downtown Barrie, this property offers easy access to restaurants, shops, parks, and the beautiful Lake Simcoe waterfront, with Highway 400 and public transit just minutes away. Don't miss your chance to own this centrally located triplex, perfectly designed for those seeking an established, multi-unit property with long-term potential!

Inclusions: Microwave,3 Fridges, 3 Stoves, 2 Washers, 2 Dryers & Dishwasher.

Exclusions : Tenant's Belongings, Smaller Shed, & Construction Equipment In The Yard.

Building Features:

  • Floor Space: 1852 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Built in: 1885
  • Construction Materials: Stucco
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open, RV / Truck Parking
  • Floor Space (approx): 1852 Square Feet
  • Heating: Radiator, Other
  • Interior Features: Other
  • Laundry Features: Common Area, In-Suite, Shared
  • Lot Depth: 165 Feet
  • Lot Features: Rectangular, Ample Parking, City Lot, Highway Access, Marina, Park, Place of Worship, Playground Nearby, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 66.00 Feet
  • Other Structures: Shed(s)
  • Parking Features: Exclusive
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Water Treatment:
  • Waterfront Features: Lake/Pond
  • Zoning: RM2 (SP-189)
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 20

Courtesy of: Re/Max Hallmark Peggy Hill Group Realty Brokerage

Data provided by: Barrie & District Association of REALTORS® 676 Veterans Dr., Barrie, Ontario L9J 0H6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved