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$ 650,000
Est. payment /mo
Active
13 HENRY ST Barrie, ON L4N 1C5
4 Beds
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Queen'S Park
MLS Listing ID S13055392
Bedrooms 4
Annual Tax Amount $5,139
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
State ON
County Simcoe
Area Simcoe
Rooms
Kitchen 0
Interior
Cooling No
Heat Source Gas
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 165.0
Building
Building Age 16-30
New Construction false
Others
ParcelsYN No
Listed by RE/MAX By The Bay Brokerage