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Renanza Realty
For sale

137 VANCOUVER STREET

Barrie (Codrington), Ontario

MLS® S13681520

$1,088,888

Status
Active
Property type
Multi-family
MLS® number
S13681520
Bedrooms
6
Bathrooms
3
Year built

Listing description

3 Level Triplex on an Exceptional 330-Foot Deep Lot in Barrie's Popular East End! A rare opportunity to acquire a purpose-built triplex on an exceptionally large lot in Barrie's desirable east end. Located on Vancouver Street, this well-positioned investment property offers three self-contained apartments consisting of one-, two- and three-bedroom units, providing a strong foundation for both investors and owner-occupiers.

The property sits on an impressive 52' x 330' lot, with approximately 180 feet of the property extending to a wider 56-foot frontage, creating valuable potential for generous private green spaces for each unit while still providing ample on-site parking. The property was originally comprised of two separate lots providing ample space for a possible garden suite or 2nd building. The approximately 3,060 sq.

ft. all-brick building spans three levels and includes three storage sheds, common laundry, gas heating, separate hydro meters and individual hot water tanks. Tenants pay their own electricity and hot water, helping simplify operating costs for the owner.

Significant rental upside exists, with current rents below market and an opportunity to increase income through effective management and future rent adjustments. An excellent opportunity for an investor seeking a solid multi-residential asset with income-growth potential-or for a first-time buyer looking to live in one unit while rental income from the other two apartments helps offset mortgage costs. Enjoy a well-established residential neighbourhood surrounded by attractive homes and close to Lake Simcoe's Kempenfelt Bay, parks, amenities and everything Barrie's east end has to offer.

A unique combination of income potential, an exceptional lot and a desirable residential setting.

Property summary

MLS® number
S13681520
Property type
Multi-family
Building type
Triplex
Land size
52 x 330 FT
Annual property taxes
$6,805.00
Parking
10 spaces · No Garage
Days on market
31 days

Features & details

Heating
Radiant heat, Natural gas
Cooling
None
Basement
Apartment in basement, N/A
Appliances
Washer, Refrigerator, Water meter, Stove, Dryer
Exterior features
Brick
Lot features
Level lot

What would this home cost you?

Based on the $1,088,888 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$5,066 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RIGHT AT HOME REALTY, BARRIE.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.