$625,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 3 3-Piece Bathrooms | ||||
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Queen's Park, Barrie is a north GTA neighbourhood notable for its singles, renters, salespeople, tradespeople and manufacturing workers. It has a higher than average population of immigrants. Residents tend to be older with a significant number of adults aged 25 to 39, 25 to 39 and 25 to 39 and seniors aged 65 to 74.
Kids Per Family
0.8
kids per family
in the neighbourhood.
59%
of residents are
single and loving it.
59% singles
Barrie (46%)
60%
of residents
are renters.
60% renters
Barrie (30%)
16%
of residents are
university grads.
16% university grads
Barrie (23%)Average Household Income
$72K
is the average household
income in the neighbourhood.
Professions
| Sales | 19% |
| Trades | 11% |
| Business | 7% |
| Manufacturing | 6% |
| Government | 6% |
14%
of residents were
born outside of Canada.
14% immigrants
Barrie (13%)2.2% from UK
All-time
0.6% from Syria
Recent
Foreign Languages
| French | 2% |
| German | 1% |
| Spanish | 1% |
Religions
| Christian | 56% |