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%.
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