$650,000
Available - For Sale
Listing ID: S13055392
13 HENRY Street , Barrie, L4N 1C5, Simcoe
| Located in downtown Barrie, this lLEGAL 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. |
| Price | $650,000 |
| Taxes: | $5139.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 13 HENRY Street , Barrie, L4N 1C5, Simcoe |
| Postal Code: | L4N 1C5 |
| Province/State: | Simcoe |
| Legal Description: | LT 4 S/S HENRY ST PL 27; BARRIE |
| Directions/Cross Streets: | Eccles St N |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Accommodation |
| Building Percentage: | T |
| Total Area: | 1600.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Approximatly Age: | 16-30 |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
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| RE/MAX By The Bay Brokerage |
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Hala Elkilany
Sales Representative
Dir:
647-502-2121
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | Queen's Park |
| Approximate Age: | 16-30 |
| Tax: | $5,139 |
| Fireplace: | N |
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