$698,000
Barrie
11 Daphne Crescent, Barrie (Cundles East), Ontario, L4M2Y7
This multi-family property in Barrie is for sale offering roughly 900 sq ft of space.
Welcome to 11 Daphne Crescent, a thoroughly renovated LEGAL DUPLEX bungalow and exceptional income property with pride of ownership throughout. Ideal for an investor seeking rental income, a homeowner offsetting their mortgage with a second suite, or a family looking for a flexible multigenerational or in-law living arrangement with separate living spaces. It offers investment security and versatility: $50,400/year ($4,200/month) in gross rent, plus over $100,000 in upgrades in the last 7 years, already done for you.Meticulous updates include a complete roof replacement (sheathing, insulation, shingles, soffits, fascia, and gutters), high-end Kempenfelt Windows, furnace and A/C, 100-amp electrical panel, water softener, washer/dryer, and reverse osmosis drinking water filtration.Both units feature updated kitchens with white cabinetry, new countertops, Moen faucets, and stainless (wifi enabled) appliances. Upstairs has a hexagon backsplash, brass hardware, and a dishwasher; downstairs has a herringbone backsplash. Both bathrooms are equally new, with the upstairs vanity built from marine-grade plywood cabinetry for long-term durability. Wide-plank flooring with added sound barrier runs throughout both units.Coin laundry adds roughly $1,200/year. Each unit has its own indoor storage area and dedicated outdoor storage shed, in a fenced backyard with a new deck and garbage enclosure. Walking distance to parks and schools, minutes from Bayfield Street shopping, Royal Victoria Hospital, and Georgian College, with easy Highway 400 access. VACANT POSSESSION!!! Both tenants have given notice, giving the new owner the chance to move in or choose tenants and set new rental rates. This is an ideal turnkey investment property. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 61 days on market, against an average age of 39 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This 4-bed multi-family in Barrie (Cundles East) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $698,000, about 8.0× the local median household income of $87,000.
Carrying it typically needs a household income of about $136,344 (20% down, 25-yr amortization, stress-tested) — roughly 57% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
