Currently tenanted as a single family dwelling, this property provides the opportunity to convert this investment into two separate residential dwellings - an upper 3-bdrm unit - and a lower 2-bdrm unit.

Each already configured with their own kitchen and bathroom, separate entrances and shared laundry facilities.

The large lot also boasts a workshop of over 800SF with heat & hydro, & soon to be running water & a 3-pc bathroom - separately tenanted at great rates & who are willing to stay! Value add opportunity to build a garden suite in place of the shed for increased income, which is permitted by the City of Barrie.

Currently a 3.70% cap rate with proforma cap rate of 6.03%.

(id:6371)

  • Property Type: Single Family
  • Building Type: House
  • Storeys: 1
  • Land Size: 0.265 ac, under 1/2 acre
  • Parking: Detached Garage
  • Total Parking Spaces: 7
  • Title: Freehold
  • Included Appliances: Dryer, Refrigerator, Satellite Dish, Stove, Washer, Hood Fan
  • Parking: Detached Garage
  • Bathrooms: 2
  • Bedrooms: 5
  • Floor Space: 976.0000
  • Foundation: Poured Concrete
  • Architectural Style: Bungalow
  • Basement: Full (Finished)
  • Style: Detached
  • Cooling: Central air conditioning
  • Exterior: Vinyl siding, Wood
  • Heating Type: Forced air
  • Type: House
  • Sewer: Municipal sewage system
  • Water: Municipal water

    Lower level

    • Bedroom: 11'7'' x 11'10''
    • Bedroom: 11'6'' x 11'9''
    • 4pc Bathroom: 8'8'' x 7'4''
    • Utility room: 7'11'' x 10'10''
    • Family room: 16'0'' x 12'6''

    Main level

    • Laundry room: 4'9'' x 6'0''
    • Bedroom: 8'4'' x 9'9''
    • Bedroom: 8'1'' x 9'9''
    • Primary Bedroom: 9'6'' x 11'6''
    • 4pc Bathroom: 7'7'' x 4'11''
    • Living room: 18'10'' x 12'4''
    • Kitchen: 12'6'' x 16'9''
  • Size: 0.265 ac, under 1/2 acre

Listing Provided By Maven Commercial Real Estate Brokerage

Updated: June 14, 2021
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