$709,000

For sale

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254 St Vincent Street, Barrie (Wellington) - Multi-family for Sale

254 St Vincent Street, Barrie (Wellington), Ontario, L4M3Z8

7 beds2 baths6 parking ft²

3 Blue Mound Drive, Barrie (Wellington), Ontario, L4M4B1

5 bd2 ba5 pk1,300 ft²Lot size 110 × 60 ft (6,600 sq ft)

Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY

65 Ottaway Avenue, Barrie (Wellington), Ontario, L4M2X1

For sale

112 days ago

$890K

65 Ottaway Avenue, Barrie (Wellington), Ontario, L4M2X1

8 bd4 ba5 pkLot size 56 × 135 ft (7,560 sq ft)

Listed by REAL BROKER ONTARIO LTD.

##1, #2, #3 210 Owen Street, Barrie (Wellington), Ontario, L4M3J2

For sale

140 days ago

$914K

##1, #2, #3 210 Owen Street, Barrie (Wellington), Ontario, L4M3J2

7 bd3 ba6 pk1,750 ft²Lot size 74 × 127 ft (9,398 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

Investment analysis

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$709,000

Barrie

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Description

Attention investors! This registered legal duplex in a desirable, mature North Barrie neighbourhood is a fantastic turnkey investment. Offering two separate units, each with bright, functional living spaces and the convenience of in-suite laundry This income-generating property features a rare 4-bedroom upper unit and 3-bedroom lower unit, a highly sought-after configuration that commands excellent rental income. Well maintained throughout and currently occupied by exceptional long-term tenants who would love to remain, this is an opportunity to enjoy immediate cash flow with reliable tenants already in place. (id:66096)

Property Details

MLS®: S13880826
Property Type: Multi-family
Zoning: R2
Bedrooms: 7
Beds (above / below): 4 above · 3 below
Bathrooms: 2
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 56 × 125 ft (7,000 sq ft)
Frontage: 56 ft
Storeys: 1
Style: Raised bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage, Tandem
Waterfront: Yes
Property Tax: $5,048.21/yr
Listed: 26 days ago

Rooms

Main level

Kitchen: 3.35 x 2.96 meters
Living room: 6.4 x 4.11 meters
Primary Bedroom: 4.3 x 2.77 meters
Bedroom 2: 3.84 x 3.02 meters
Bedroom 3: 3.61 x 2.74 meters
Bedroom 4: 2.93 x 2.53 meters

Lower level

Bedroom 3: 3.02 x 2.25 meters
Kitchen: 3.14 x 3.01 meters
Living room: 2.93 x 2.53 meters
Primary Bedroom: 6.26 x 3.95 meters
Bedroom 2: 3.35 x 2.96 meters

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

Features

Appliances: Water meter, Dishwasher, Dryer, Two stoves, Two Washers, Two Refrigerators
Foundation: Poured Concrete
Exterior: Brick
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Barrie (Wellington) listings, avg age

57d

Price / ft²

$545

List price

$709K

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.

Area context

Neighbourhood profile (L4M)

This home lists at $709,000, about 8.1× the local median household income of $87,000.

Carrying it typically needs a household income of about $138,493 (20% down, 25-yr amortization, stress-tested) — roughly 59% 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)

$709,000· $545/ft²

For sale

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Full Cost Breakdown

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Down Payment6.47% · $45,900

Min 6.47%50%

Mortgage payment$3,676/mo

↳ CMHC premium ($26,524 capitalized)

Property tax (est.)$421/mo

Total monthly$4,097

Cash Needed to Close

Down payment (6.47%)$45,900

Land transfer tax$10,655

Est. closing costs$4,627

Total cash needed$61,182

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254 St Vincent Street, Barrie (Wellington) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L4M)

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Full Cost Breakdown