$799,999

For sale

201 Hanmer Street East, Barrie - Single Family for Sale

201 Hanmer Street East, Barrie, Ontario, L4M6W7

5 beds2 bathsListed 36 days ago

Overview

This 5-bedroom, 2-bathroom home in Barrie is for sale. It has been on the market 36 days, fresher than the Barrie average of 63 days.

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Description

LEGAL DUPLEX – A Fantastic Opportunity for Homeowners & Investors! Welcome to this well-maintained bungalow offering the perfect combination of comfort, flexibility, and income potential. Whether you're looking to live in one unit while generating rental income from the other, accommodate extended family, or add a strong income-producing property to your portfolio, this home offers plenty of possibilities. The main floor features 3 spacious bedrooms and 1 full bathroom, along with a functional and comfortable layout. The lower-level suite offers 2 bedrooms, 1 full bathroom, and a separate entrance, providing privacy and convenience for both units. One unit is currently rented while the other is vacant, giving the new owner the flexibility to move in immediately, choose their own tenant, or rent the vacant unit at current market value. With 5 bedrooms, 2 bathrooms, two separate living spaces, and excellent rental potential, this legal duplex is an opportunity you won’t want to miss! (id:66096)

Property Details

MLS®: 26023824
Property Type: Single Family
Zoning: R2WS(SP-19
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Storeys: 1
Style: Bungalow
Heating: Forced air, Natural gas
Garage: Garage
Ownership: Freehold
Listed: 36 days ago

Rooms

Basement

Laundry room
Utility room
Living room/Dining room
Bedroom
Bedroom
3pc Bathroom

Main level

3pc Bathroom
Kitchen
Living room
Bedroom
Bedroom
Bedroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dishwasher, Dryer, Two stoves, Two Refrigerators
Flooring: Laminate, Other
Foundation: Concrete
Exterior: Brick
Lot Features: Finished Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Barrie listings, avg age

63d

List price

$800K

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.

Haho

This 5-bed single family in Barrie has been listed for 36 days, which is 27 days fresher than the city average of 63. Act while there is still low competition.

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Listed by CAPITAL WEALTH REALTY INC. BROKERAGE · FARZANA AHMADZAI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4M)

This home lists at $799,999, about 9.2× the local median household income of $87,000.

Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 80% above the area median.

Median household income: $87,000
Population: 46,902
Median age: 38
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L4M)

$799,999

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.87% · $54,999.90

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,800 capitalized)

Est. property tax$667/mo

Total monthly$4,797

Cash Needed to Close

Down payment (6.87%)$55,000

Land transfer tax$12,475

Est. closing costs$4,900

Total cash needed$72,375

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