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$ 1,189,900
Est. payment /mo
Active
277 GROVE STREET E Barrie (wellington), ON L4M2R2
9 Beds
4 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Square Footage 1,500 sqft
Price per Sqft $793
Subdivision Wellington
MLS® Listing ID S13023382
Bedrooms 9
Property Description
A Rare Opportunity In Barrie's Evolving Rental Market, This Purpose-Built Multi-Unit Property Offers Strong Versatility For Both Investors And End Users. A Standout Feature Is The Garden Suite (2-Level, 1475 sq ft), As New Garden Suites With Basements Are No Longer Permitted In Barrie, Making This Configuration Increasingly Scarce. The Lower Level Includes A Legal Egress Window, Rough-Ins For A Kitchen And Laundry, And Existing Fire And Soundproofing, Offering Future Flexibility (Potential For A Fourth Unit). The Property Offers Six Legal Paved Parking Spaces (Four Front, Two Rear) And Fully Self-Contained Units, Each With Private Entrances And In-Suite Laundry. The Lower Unit Of The Main House And The Garden Suite Were Both Built Post-2018 And Are Not Subject To Rent-Control Guidelines. Each Unit Is Separately Metered For Hydro, With The Garden Suite Also Having Its Own Gas And Water Meters, Supporting Clean Expense Separation And Strong Investor Appeal. All Units Feature Modern Finishes Including Quartz Countertops, Updated Kitchens And Bathrooms, Luxury Vinyl Plank Flooring, And Appliances Less Than Four Years Old. Conveniently Located Near The Hospital, Highway 400, Schools, Shopping, And Transit, The Property Benefits From Strong Rental Demand And Long-Term Growth Fundamentals. Current Unit Breakdown: Unit A (Upper - 3 Bed / 1 Bath): Self-Contained, Separate Hydro, 60% Of Main House Gas And Water. Unit B (Lower - 2 Bed / 1 Bath): Self-Contained, Separate Hydro, All-Inclusive Gas/Water. Unit C (Garden Suite - 4 Bed / 2 Bath): Fully Self-Contained With Separate Utilities. A Well-Positioned Income Property With Strong In-Place Infrastructure, Vacancy Flexibility, And Meaningful Upside. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage No
Private Pool No
Building
Sewer Sanitary sewer
Others
Virtual Tour https://youtu.be/XTdhYk_dQyY
Listed by EXP REALTY
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