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$577,000
Barrie
30 Bernick Drive, Barrie (Grove East), Ontario, L4M5J5
This 5-bedroom, 2-bathroom home in Barrie is for sale offering roughly 900 sq ft of space. Listed at $577,000, it is attractively priced about 15% below the $680,000 median asking price in Barrie. It has been on the market 22 days, fresher than the Barrie average of 47 days.
Well-maintained legal duplex offering an excellent investment opportunity with two fully self-contained units! The upper unit is vacant, offering immediate occupancy or the opportunity to set your own rental rate. This spacious three-bedroom unit has been recently updated with new flooring, fresh paint, and a new kitchen backsplash. It also features a bright kitchen, open-concept living and dining area, private laundry, and parking for two vehicles.The lower unit offers two bedrooms, a full kitchen and living area, private side entrance, in-suite laundry, and parking for one vehicle. The lower unit is currently tenanted on a month-to-month basis, providing an existing rental income stream.Ideally located close to Georgian College and Royal Victoria Regional Health Centre, this property is situated in a highly desirable rental location. With its legal duplex status, vacant upper unit, and income-generating lower unit, this property offers incredible flexibility for investors, first-time buyers looking to offset mortgage expenses, or multi-generational families seeking separate living spaces. Live in one unit and collect rent from the other, or maximize your investment potential by renting both! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 47 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 single family in Barrie (Grove East) has been listed for 22 days, which is 25 days fresher than the city average of 47. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $577,000, about 6.6× the local median household income of $87,000.
Carrying it typically needs a household income of about $112,708 (20% down, 25-yr amortization, stress-tested) — roughly 30% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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