$1,250,000

For sale

40 Lally Terrace, Barrie - Multi-family for Sale

40 Lally Terrace, Barrie, Ontario, L9J0Y1

6 beds6 baths4 parking3,250 ft²45 × 92 ft (4,136 sq ft) lot sizeListed 26 days ago

Overview

This multi-family property in Barrie is for sale offering roughly 3,250 sq ft of space. It has been on the market 26 days, fresher than the Barrie average of 64 days.

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Description

Fresh and new, built to last, A duplex on Lally Terrace - rare as gold, unsurpassed. Two homes in one, each with its own kitchen and heat, Two meters, two furnaces - income or family, complete. Nine-foot ceilings soar above hardwood floors, Walk-in closets galore, and six bathrooms, of course. The entrance lobby is grand, with a closet to spare, Opening up to a media room floating in air. Two separate private garages, one for each home, Privacy and security, wherever you roam. High-end finishes throughout, gorgeous from top to toe - Generational living or rental income, ready to go. Purpose-built duplexes like this are almost never made, So don't wait - this rare gem won't stay on display. *Some images have been AI edited to show boundaries, furniture, and ideas. (id:66096)

Property Details

MLS®: S13883172
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 6
Half Baths: 1
Parking: 4
Interior Size: 3,250 ft²
Lot Size: 45 × 92 ft (4,136 sq ft)
Frontage: 45 ft
Storeys: 2
Basement: Finished, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger
Garage: Garage
Fireplace: Yes
Listed: 26 days ago

Rooms

Main level

Dining room: 4.27 x 3.2 meters
Kitchen: 4.27 x 4.57 meters
Great room: 6.2 x 5.18 meters
Office: 3.79 x 3.63 meters

Basement

Kitchen
Bedroom: 3.76 x 3.4 meters
Bedroom 2: 4.19 x 3.96 meters
Great room: 6.15 x 4.67 meters

Second level

Primary Bedroom: 6.2 x 4.09 meters
Bedroom 2: 4.27 x 4.39 meters

Features

Appliances: Hood Fan
Flooring: Tile, Hardwood, Carpeted
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 listings, avg age

64d

Price / ft²

$385

List price

$1.25M

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 6-bed multi-family in Barrie has been listed for 26 days, which is 38 days fresher than the city average of 64. Act while there is still low competition.

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Listed by EXP REALTY · MARC LEVI STEVENS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9J)

This home lists at $1,250,000, about 14.9× the local median household income of $84,000.

Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 191% above the area median.

Median household income: $84,000
Population: 2,272
Median age: 36.8
Owner / renter: 64% / 36%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L9J)

$1,250,000· $385/ft²

For sale

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Full Cost Breakdown

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Down Payment8% · $100,000

Min 8%50%

Mortgage payment$6,376/mo

↳ CMHC premium ($46,000 capitalized)

Est. property tax$0/mo

Total monthly$6,376

Cash Needed to Close

Down payment (8%)$100,000

Land transfer tax$21,475

Est. closing costs$6,250

Total cash needed$127,725

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