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    For Sale - 277 Grove Street, Barrie, Ontario

    Est payment $6,444/mo
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    Views   1
    Time on Jump  89 day

    AI Summary *

    • Over 3,500 sq ft with high rental income potential for investors.
    • Separate entrances and utilities for each self-contained unit.
    • Garden suite with legal egress window and roughed-in additional unit potential.
    • Six legal parking spaces for convenience and accessibility.
    • Newer appliances and modern finishes throughout all units.




    Great investment property (over 3,500 sq ft of living space) with very high rental income! Perfect for investor or you can move into one unit and have other units pay your mortgage! Garden suites with a basement are no longer permitted to be built in barrie so this property is a unicorn. Basement of garden suite has a legal egress window and is roughed-in (kitchen & laundry hook-ups) for a separate unit (including fire & soundproofing insulation and fire-rated drywall--see photos) and has a separate entrance that could easily be closed off to make it exclusive. Buyer to do due diligence with city about allowance of 4th unit. Property has 6 paved, legal parking spaces (4/front, 2/back). Lower unit of main house and garden suite unit were both built after 2018, so they are not subject to rent-control guidelines. Each unit has its own hydro meter. Garden suite also has its own gas & water meters. Each unit has its own private entrance, is completely self-contained and has its own laundry unit. All units have newer appliances (all less than 3 years old), quartz countertops, modern kitchens & bathrooms, and luxury vinyl plank flooring throughout. Close to hospital, highway, schools, shopping, public transport and more! Unit a (will be vacant oct 1st - upper: 3 bed/1 bath) pays own hydro & 60% gas & water of main house. Unit b (lower: 2 bed/1 bath) pays own hydro & is inclusive gas & water. Unit c (garden suite: 4 bed/2 bath) pays all utilities & 33% of snow removal. Net operating income (income after expenses): $73,230. 61/year
    Listing IDS12312231
    Address277 Grove Street
    CityBarrie, Ontario
    Price$1,299,900
    Bed / Bath9 / 4 Full
    StyleBungalow, Triplex
    ConstructionBrick
    Land Size7402.64
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Accessory Apartment, Carpet Free, Floor Drain, On Demand Water Heater, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Storage, Sump Pump, Upgraded Insulation, Water Heater, Water Meter, Water SoftenerAmenities Public Transit, Hospital, Park, SchoolOwnership FreeholdBasement Apartment, FinishedFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Agency:  EXP REALTY
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    277 Grove Street
    Barrie , Ontario
    9 4 $1,299,900
    Get more info