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13 Henry Street Barrie (Queen's Park), Ontario L4N 1C5

3 Bedroom 3 Bathroom 1500 - 2000 sqft
Fireplace None Forced Air

$625,000

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:63244)

Property Details

MLS® Number S13657858
Property Type Multi-family
Community Name Queen's Park
Equipment Type Water Heater
Parking Space Total 6
Rental Equipment Type Water Heater

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Total 3
Age 16 To 30 Years
Appliances Stove, Refrigerator
Basement Development Unfinished
Basement Type N/a (unfinished)
Cooling Type None
Exterior Finish Vinyl Siding
Fireplace Present Yes
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1500 - 2000 Sqft
Type Triplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 165 Ft
Size Frontage 66 Ft
Size Irregular 66 X 165 Ft
Size Total Text 66 X 165 Ft
Zoning Description Rm1

https://www.realtor.ca/real-estate/30136206/13-henry-street-barrie-queens-park-queens-park

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