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Est. payment /mo
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Queen'S Park
MLS Listing ID S13657858
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $5,139
Tax Year 2025
Property Sub-Type Triplex
Property 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.
Location
Province ON
County Simcoe
Area Simcoe
Zoning RM1
Rooms
Family Room No
Basement Unfinished
Kitchen 3
Interior
Interior Features None
Cooling None
Inclusions 3 x fridge, 3 x stove
Exterior
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 66.0
Lot Depth 165.0
Total Parking Spaces 6
Building
Building Age 16-30
Foundation Block
New Construction false
Others
Senior Community No
ParcelsYN No
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Listed by RE/MAX By The Bay Brokerage
Nearby School & Business
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