$889,900
Barrie
65 Ottaway Avenue, Barrie (Wellington), Ontario, L4M2X1
This multi-family property in Barrie is for sale.
**Turnkey Legal Duplex with Legal Registered Detached Garden Suite | Fully Tenanted | Exceptional Investment Opportunity**An outstanding opportunity to own a fully tenanted, income-producing legal duplex with a detached secondary garden suite in one of Barrie's most established and sought-after neighbourhoods. This rare turnkey investment offers immediate cash flow with quality tenants already in place, making it an ideal addition to any real estate portfolio.Thoughtfully maintained and recently updated, the property features new shingles on main house 2026 and some new floors in basement unit providing added value and reducing future capital. With three self-contained living spaces, this is a low-maintenance, high-performing asset designed to deliver strong and consistent rental income.Situated on a generous lot in a mature, family-friendly neighbourhood, the property is perfectly positioned close to Highway 400, schools, public transit, parks, shopping, and everyday amenities. Its desirable location continues to attract quality tenants while supporting long-term appreciation.For investors, this is the complete package-a fully leased, turnkey property with multiple income streams, recent capital improvements, and excellent future growth potential. For those looking to house hack, there is also the opportunity to occupy one unit in the future while continuing to generate income from the remaining suites.Whether you're expanding your investment portfolio or securing a high-quality income property in a thriving market, this is a rare chance to own a solid, fully tenanted asset in one of Barrie's strongest rental locations. Opportunities like this don't come along often. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 112 days on market, against an average age of 56 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 8-bed multi-family in Barrie (Wellington) 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 $889,900, about 10.2× the local median household income of $87,000.
Carrying it typically needs a household income of about $173,829 (20% down, 25-yr amortization, stress-tested) — roughly 100% 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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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.