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Rinay Chand

rinayrealtor@gmail.com +1(416) 822-2655

$ 1,299,900

Est. payment -/mo

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277 Grove ST E Barrie, ON L4M 2R2

9 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Wellington

MLS Listing ID S12312231

Style Bungalow

Bedrooms 9

Annual Tax Amount $6,974

Tax Year 2025

Property Sub-Type Triplex

Property Description

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

Location

State ON

County Simcoe

Community Wellington

Area Simcoe

Rooms

Basement Apartment, Finished

Kitchen 3

Interior

Interior 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 Softener

Cooling Central Air

Inclusions Fridge x 3, Stove x 3, Microwave x 3, Dishwasher x 3, Laundry Unit x 3

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 6

Building

Foundation Concrete Block

Others

Virtual Tour https://drive.google.com/file/d/1yBOXgNa41NHtRPjpi-DcmWAy5xVz_F_Y/view?usp=sharing

Lited by EXP REALTY

Rinay Chand

Agent

+1(416) 822-2655

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Rinay Chand

277 Grove ST E Barrie, ON L4M 2R2

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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277 Grove ST E