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    For Sale - 13 HENRY Street, Barrie, Ontario

    Est payment $3,121/mo
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    Views   1
    Time on Jump  69 day

    AI Summary *

    • Legal triplex located in downtown Barrie with strong investment potential.
    • Immediate income generation with a vacant unit for market rent flexibility.
    • All existing tenants on month-to-month leases for added flexibility.
    • Generous lot size offers significant development potential for future units.
    • Potential for increased revenue under new housing legislation in 2022.




    Located in downtown barrie, this legal triplex offers a strong investment opportunity with immediate income and future growth potential. The property is easy to rent, generates positive cash flow, and presents excellent potential for additional units and increased revenue. One unit is currently vacant, providing flexibility for an investor to set market rent or for owner-occupancy. All existing tenants are on month-to-month leases, offering added flexibility. Unit breakdown: unit 1: 1-bedroom (vacant) - estimated market rent ~$1,600/month; unit 2: 2-bedroom - $1,681/month; unit 3: studio - $1,943/month( all units are all-inclusive). 2025 annual expenses:water: $1,404. 89; hydro: $2,675. 84; gas: $2,873. 60. An added bonus is the generous lot size, offering significant development potential. Take advantage of bill 23, more homes built faster act, 2022, which may allow for additional residential units, maximizing long-term value and income.
    Listing IDS13055392
    Address13 HENRY Street
    CityBarrie, Ontario
    Price$650,000
    Bed4
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Gas Forced Air ClosedHeating Fuel Gas

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    Listing Agency:  RE/MAX By The Bay Brokerage

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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