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. (id:4069)
Address
13 HENRY STREET
List Price
$625,000
Property Type
Business
Transaction Type
Sale
Area
Ontario
Sub-Area
Barrie (queens Park)
Bedrooms
4
Floor Area
1,600 Sq. Ft.
Lot Size
66 x 165 FT Sq. Ft.
Lot Depth
165 ft
Frontage Length
66 ft
MLS® Number
S13055392
Listing Brokerage
RE/MAX By The Bay Brokerage
Postal Code
L4N1C5
Zoning
RM1
Parking Places (Total)
6
Site Influences
Public Transit
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Water Source
Municipal water
