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$ 599,900
Est. payment | /mo
3 Beds
3 Baths
$ 599,900
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Queen'S Park
MLS Listing ID S13693670
Style 2-Storey
Bedrooms 3
Annual Tax Amount $4,066
Tax Year 2025
Property Sub-Type Triplex
Property Description
ATTENTION INVESTORS & FIRST-TIME BUYERS! LEGAL TRIPLEX OFFERING AN ATTRACTIVE 6.95% CAP RATE & POSITIVE CASH FLOW POTENTIAL! An exceptional opportunity to acquire a well-managed, income-producing property in Barrie's desirable lakeside community. Featuring 3 fully rented units, an established rental history, minimal vacancy and tenants in good standing, this property generates approximately $60,000.00 in annual gross income, with an estimated net operating income of $43,000.00 representing an impressive 7% cap rate, with positive monthly cash flow (based on 20% down).Inside, spacious layouts, soaring ceilings, large windows and timeless Victorian character create bright, inviting living spaces with lasting tenant appeal. Significant capital improvements completed in 2025 include upgraded electrical service, a newer furnace and central air conditioning, along with repairs of the main drainage line. These substantial infrastructure upgrades provide added peace of mind and help minimize future capital expenditures. Ideally located in one of Barrie's sought-after lakeside pockets, this property offers an attractive combination of reliable income, character, location and long-term appreciation potential. For investors, it's an opportunity to enjoy established rental revenue with future growth potential. For first-time buyers, rental income can help offset mortgage expenses while building equity. A compelling turnkey investment opportunity with strong fundamentals, attractive returns and major recent improvements already completed!
Location
Province ON
County Simcoe
Area Simcoe
Zoning RM2, RES
Rooms
Basement Full
Kitchen 3
Interior
Interior Features Other
Cooling Central Air
Inclusions 3 fridges , 3 stoves, coin operated washer and dryer.
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Foundation Concrete
Lited by ENGEL & VOLKERS TORONTO CITY
Nearby Locations
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