$500,000

Investment For Sale In Barrie (Letitia Heights), Ontario

$500,000

Property Information:

Legal duplex located in the desirable Letitia Heights area of Barrie. This property is a solid opportunity for investors or buyers looking to live in one unit and rent the other.The upper unit features 3 bedrooms and has had the same tenant for 14 years showing strong long-term stability; month to month at $1,570.94 per month inclusive. The lower unit is vacant and offers 1 bedroom with a separate side entrance; approx market rent $1,300 per month or ready to move in to immediately.. The property includes parking for 3 vehicles, making it convenient for both units. Total utility costs for 2024 were $5,645.04. Located close to schools, parks, shopping, and transit, this duplex offers steady income today with future flexibility. A great choice for investors seeking reliable cash flow or owner-occupiers wanting help with the mortgage. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Basement Type: Partial
  • Exterior Finish: Brick, Vinyl siding
  • Floor Space: 700 - 1100 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3+1
  • Bathrooms: 2
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 120 Feet
  • Lot Frontage: 31.2 Feet
  • Lot Size: 31.3 x 120 FT
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX By The Bay Brokerage

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.