158 Cundles Road E Barrie (Cundles East), Ontario L4M 2Z9
$697,700
Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. Thisproperty suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognizing strong rental demand from Georgian College students on the transit route.Current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor while the lower tenants continue month-to-month - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare. (id:63244)
Property Details
| MLS® Number | S12838428 |
| Property Type | Multi-family |
| Community Name | Cundles East |
| Amenities Near By | Hospital, Park, Public Transit, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Features | Wooded Area, Level, Sump Pump, In-law Suite |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Structure | Shed |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a, N/a, Full, N/a (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1100 - 1500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 110 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 110 Ft |
| Size Total Text | 50 X 110 Ft|under 1/2 Acre |
| Zoning Description | R2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Kitchen | 3.55 m | 4.5 m | 3.55 m x 4.5 m |
| Basement | Bedroom | 3.1 m | 2.9 m | 3.1 m x 2.9 m |
| Basement | Bedroom | 3.45 m | 3.1 m | 3.45 m x 3.1 m |
| Main Level | Kitchen | 4.38 m | 2.9 m | 4.38 m x 2.9 m |
| Main Level | Dining Room | 2.88 m | 2.71 m | 2.88 m x 2.71 m |
| Main Level | Living Room | 4.9 m | 3.6 m | 4.9 m x 3.6 m |
| Main Level | Primary Bedroom | 3.78 m | 3.03 m | 3.78 m x 3.03 m |
| Main Level | Bedroom 2 | 2.7 m | 2.99 m | 2.7 m x 2.99 m |
| Main Level | Bedroom 3 | 3.8 m | 2.7 m | 3.8 m x 2.7 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29419751/158-cundles-road-e-barrie-cundles-east-cundles-east
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March 03 2026 03:36:42
Toronto Real Estate Board
Keller Williams Experience Realty