+8 more
$650,000
13 HENRY
Barrie, Ontario, L4N1C5
4
Bedrooms
1,600 sqft
Building Area
6
Parking
About This Property
This 4-bedroom business in Barrie offers 1,600 sqft of building area. The property has lot dimensions of 66 x 165 FT. The home features forced air, natural gas heating.
MLS Remarks
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. (id:60351)
Generated Content
draftLocated in downtown Barrie, this legal triplex presents a compelling investment opportunity with immediate income potential and future growth prospects. The property comprises one vacant one-bedroom unit estimated to fetch around $1,600 per month and two occupied units—a 2-bedroom generating $1,681 monthly and a studio bringing in $1,943 monthly, all on month-to-month leases. With total annual expenses for utilities including water, hydro, and gas amounting to approximately $6,954.33, this property offers positive cash flow and flexibility for market rent adjustments or owner occupancy. The generous lot size further enhances the investment appeal by providing significant development potential under Bill 23, which could allow for additional residential units. This presents a unique opportunity to maximize long-term value and income in Barrie's dynamic downtown area.
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
