13 Henry Street, Barrie, ON, L4N 1C5

CAD 650,000
For Sale MLS: S13055392

Property Details

Property Type

Investment

Description

Property Details: - Type: Investment - Bedrooms: 0 - Bathrooms: 0 - MLS#: S13055392 Listed By: RE/MAX BY THE BAY BROKERAGE

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. This investment home located at 13 Henry Street, Barrie is currently for sale and has been available on Zolo.ca for 2 days. This property is listed at $650,000 with an estimated mortgage of $2,393* per month. It has beds, bathrooms, and is 1,600 square feet. The property was built in 16-30. 13 Henry Street, Barrie is in the Queen's Park neighborhood Barrie. City Centre, 400 North and 400 East are nearby neighborhoods.

Location

Address

13 Henry Street, Barrie, ON, L4N 1C5

City

Barrie

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