Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
Royal LePage
Royal LePage
Image 1
Image 2
Image 3
$1,299,900

Barrie (Wellington) ON, L4M 2R2

MLS® # S12312231

Property Information:

Great Investment Property (Over 3,500 sq ft Of Living Space) With Very High Rental Income! Perfect For Investor Or You Can Move Into One Unit And Have Other Units Pay Your Mortgage! Garden Suites With A Basement Are No Longer Permitted To Be Built In Barrie So This Property Is A Unicorn. Basement Of Garden Suite Has A Legal Egress Window And Is Roughed-In (Kitchen & Laundry Hook-Ups) For A Separate Unit (Including Fire & Soundproofing Insulation And Fire-Rated Drywall--See Photos) And Has A Separate Entrance That Could Easily Be Closed Off To Make It Exclusive. Buyer To Do Due Diligence With City About Allowance Of 4th Unit. Property Has 6 Paved, Legal Parking Spaces (4/Front, 2/Back). Lower Unit Of Main House And Garden Suite Unit Were Both Built After 2018, So They Are Not Subject To Rent-Control Guidelines. Each Unit Has Its Own Hydro Meter. Garden Suite Also Has Its Own Gas & Water Meters. Each Unit Has Its Own Private Entrance, Is Completely Self-Contained And Has Its Own Laundry Unit. All Units Have Newer Appliances (All Less Than 3 Years Old), Quartz Countertops, Modern Kitchens & Bathrooms, And Luxury Vinyl Plank Flooring Throughout. Close to Hospital, Highway, Schools, Shopping, Public Transport and More! Unit A (Will Be Vacant Oct 1st - Upper: 3 Bed/1 Bath) Pays Own Hydro & 60% Gas & Water Of Main House. Unit B (Lower: 2 Bed/1 Bath) Pays Own Hydro & Is Inclusive Gas & Water. Unit C (Garden Suite: 4 Bed/2 Bath) Pays All Utilities & 33% Of Snow Removal. Net Operating Income (Income After Expenses): $73,230.61/year (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: N/A, N/A
  • Construction Status: Insulation upgraded
  • Exterior Finish: Brick
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Water meter, Water softener, Dishwasher, Microwave, Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+4
  • Bathrooms: 4
  • Amenities Nearby: Public Transit, Hospital, Park, Schools
  • Features: Carpet Free, Sump Pump
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 132.2 Feet
  • Lot Frontage: 56.0 Feet
  • Lot Size: 56 x 132.2 FT
  • Utility Type: Sewer - Installed, Hydro - Installed, Cable - Available
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 6

Courtesy of: EXP REALTY

REALTOR.ca  

More Detail
Less Detail

⚠ Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 277 GROVE STREET E, Barrie (Wellington), Ontario, L4M 2R2

Demographic Information of 277 GROVE STREET E, Barrie (Wellington), Ontario, L4M 2R2

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$86,700.34

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.45 %

High school certificate or equivalent

27.1 %

Apprenticeship trade certificate/diploma

5.84 %

College/non-university certificate

30.05 %

University certificate (below bachelor)

1.35 %

University Degree

19.2 %

Commuter

Travel To Work

By Car

88.97 %

By Public Transit

3.73 %

By Walking

3.29 %

By Bicycle

0.0 %

By Other Methods

4.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

11.61 %

Houses

88.39 %

Own Vs. Rent

More Detail
Less Detail