+33 more
5
Bedrooms
2
Bathrooms
1,500 sqft
Living Area
5,500 sqft
Lot
3
Parking
About This Property
This 5-bedroom, 2-bathroom multi-family in Barrie offers 1,500 sqft of living area on a 5,500 sqft lot. 1 storey. The property has lot dimensions of 50 x 110 FT, cross street Cundles / Bayfield St, zoned R2. The home features forced air, natural gas heating, central air conditioning, a finished, full, apartment in basement, separate entrance basement.
MLS Remarks
Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants who are currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognising strong rental demand from Georgian College students on the transit route. The current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor at the end of March, while the lower tenants have offered their notice for teh end of April. The property will then be fully vacant so you can choose your own Tenants - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare. (id:60351)
Inclusions
2 x Fridge, 2 X Stove , 2 X Washer , 2 x Dryer
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