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$649,900
Barrie
9 Penetang Street, Barrie (Codrington), Ontario, L4M1V5
This multi-family property in Barrie is for sale offering roughly 2,750 sq ft of space. It has been on the market 15 days, fresher than the Barrie average of 58 days.
Income-producing legal triplex situated on an approximately 66 ft x 132 ft RM2-zoned lot in one of Barrie's most historic neighbourhoods. This substantial circa-1888 red-brick property offers approximately 3,050 sq. ft. of living space comprised of two spacious 2-bedroom units and one large 1-bedroom unit, making it an excellent addition to an investment portfolio. Significant renovations and updates were completed in 2013 while preserving the property's character and charm. Located on historic Court House Hill and once home to former Barrie Alderman Edward Tyrer, this unique property offers investors the rare opportunity to own an income-producing asset with historical significance and long-term potential. Gutters and downspouts have been repaired. Floor plans for unit 2 to be added. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 58 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 multi-family in Barrie (Codrington) has been listed for 15 days, which is 43 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $649,900, about 7.5× the local median household income of $87,000.
Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 46% 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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