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$649,900
Est. payment /mo
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Codrington
MLS Listing ID S14099342
Style 2-Storey
Bedrooms 5
Annual Tax Amount $6,222
Tax Year 2026
Property Sub-Type Triplex
Property Description
Legal triplex offered at $649,900 with annual rental income of $58,560 and an approximately 5.6% cap rate based on seller-reported income and expenses. Professionally managed and fully tenanted, this Barrie investment property features two spacious two-bedroom units and one large one-bedroom unit, along with six parking spaces. Income and expense information fro all three units, and floor plans for two units are available for review. Situated on historic Court House Hill in the established Codrington neighbourhood, this substantial circa-1888 red-brick building combines rental income with distinctive character. Significant renovations completed in 2013 included kitchens, bathrooms and more. The furnace and shingles date to 2013, and an on-demand hot water system was installed in 2025.An opportunity to add a three-unit income property to your portfolio in an established Barrie neighbourhood. All tenants are currently month to month. Buyer to verify financial information.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Partial Basement
Kitchen 3
Interior
Interior Features On Demand Water Heater, Sump Pump
Cooling None, Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Private, Front Yard Parking
Pool None
Roof Type Asphalt Shingle
Lot Frontage 65.25
Lot Depth 128.0
Total Parking Spaces 6
Building
Foundation Stone
Others
ParcelsYN No
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Listed by RE/MAX HALLMARK CHAY REALTY
Nearby Locations
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