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$1,100,000
Barrie
134 Napier Street, Barrie (Codrington), Ontario, L4M1W5
This multi-family property in Barrie is for sale offering roughly 2,250 sq ft of space.
Discover a special opportunity to own a well-maintained triplex in Barrie's sought-after East End, nestled in a quiet, tree-lined neighbourhood surrounded by single-family homes on generous lots. Whether you're looking to live in one apartment and rent the others, or you're an investor expanding your portfolio, this property checks every box. Enjoy the flexibility to move in and start earning income right away, from two additional units - or rent out all three and build long-term wealth in one of Barrie's most desirable areas. Two-2 bedroom apartments and one-1 bedroom. One of the two-bedroom units is currently vacant giving you the freedom to select your own tenants and set market rents for this unit from day one. The second two-bedroom unit has been recently rented at market rent. Units are separately metered for hydro. The location is unbeatable, close to Royal Victoria Hospital, Johnsons Beach, Codrington School, East Bayfield Recreation Centre, The Barrie Country Club, beautiful parks, and Downtown Barrie. Its the kind of area that attracts stable tenants and makes residents proud to call home. ** Added Opportunity - explore the potential to add a fourth unit to the property through the addition of an Accessory Dwelling Unit on this generous 55' x 165' lot! ** Opportunities like this don't come along often and when they do, they stay in the portfolio for years. Dont wait to book your viewing, this one wont last long! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 95 days on market, against an average age of 57 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 5-bed multi-family in Barrie (Codrington) 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 $1,100,000, about 12.6× the local median household income of $87,000.
Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 147% 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
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.