137 Vancouver Street,Barrie (Codrington), ON L4M4M5
Barrie (Codrington), ON L4M4M5
Description
3 Level Triplex on an Exceptional 330-Foot Deep Lot in Barrie's Popular East End! A rare opportunity to acquire a purpose-built triplex on an exceptionally large lot in Barrie's desirable east end. Located on Vancouver Street, this well-positioned investment property offers three self-contained apartments consisting of one-, two- and three-bedroom units, providing a strong foundation for both investors and owner-occupiers.The property sits on an impressive 52' x 330' lot, with approximately 180 feet of the property extending to a wider 56-foot frontage, creating valuable potential for generous private green spaces for each unit while still providing ample on-site parking. The property was originally comprised of two separate lots providing ample space for a possible garden suite or 2nd building.The approximately 3,060 sq. ft. all-brick building spans three levels and includes three storage sheds, common laundry, gas heating, separate hydro meters and individual hot water tanks. Tenants pay their own electricity and hot water, helping simplify operating costs for the owner.Significant rental upside exists, with current rents below market and an opportunity to increase income through effective management and future rent adjustments.An excellent opportunity for an investor seeking a solid multi-residential asset with income-growth potential-or for a first-time buyer looking to live in one unit while rental income from the other two apartments helps offset mortgage costs.Enjoy a well-established residential neighbourhood surrounded by attractive homes and close to Lake Simcoe's Kempenfelt Bay, parks, amenities and everything Barrie's east end has to offer. A unique combination of income potential, an exceptional lot and a desirable residential setting. (id:374)
Details
| MLS # | S13681520 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 68 |
| Listing Provided By | RIGHT AT HOME REALTY | DEB GRANT |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | R2Duck |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat, Natural gas |
| Appliances | Washer, Refrigerator, Water meter, Stove, Dryer |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Level lot |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 10 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6805 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Barrie (Codrington) |
| Postal Code | L4M4M5 |
| Listing VS Median (in L4M4M5) | |
Price: $1,088,888 low | high Med: $1,088,888 sqft: 2,000 low | high Med: 2,000 $ / sqft: $544 low | high Med: $544 On site: 68 low | high Med: 68 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Barrie (Codrington) |
| Postal Code | L4M4M5 |
| Listing VS Median (in L4M4M5) | |
Price: $1,088,888 low | high Med: $1,088,888 sqft: 2,000 low | high Med: 2,000 $ / sqft: $544 low | high Med: $544 On site: 68 low | high Med: 68 | |
