277 Grove Street E, Barrie, Ontario L4M 2R2

Listed for:
$1,189,900
9 beds
4 baths
Listed 10 days ago
Triplex for rent: 277 Grove Street E, Barrie, Ontario L4M 2R2

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About

Cross Streets: Duckworth & Grove. ** Directions: South on Duckworth, Left on Grove. A Rare Opportunity In Barrie's Evolving Rental Market, This Purpose-Built Multi-Unit Property Offers Strong Versatility For Both Investors And End Users. With The Upper Unit Of The Main House And The Garden Suite Being Delivered VACANT, Buyers Have The Immediate Ability To Set Market Rents On Two Units Or Occupy And Offset Living Costs. A Standout Feature Is The Garden Suite (2-Level, 1475 sq ft), As New Garden Suites With Basements Are No Longer Permitted In Barrie, Making This Configuration Increasingly Scarce. The Lower Level Includes A Legal Egress Window, Rough-Ins For A Kitchen And Laundry, And Existing Fire And Soundproofing, Offering Future Flexibility (Potential For A Fourth Unit). The Property Offers Six Legal Paved Parking Spaces (Four Front, Two Rear) And Fully Self-Contained Units, Each With Private Entrances And In-Suite Laundry. The Lower Unit Of The Main House And The Garden Suite Were Both Built Post-2018 And Are Not Subject To Rent-Control Guidelines. Each Unit Is Separately Metered For Hydro, With The Garden Suite Also Having Its Own Gas And Water Meters, Supporting Clean Expense Separation And Strong Investor Appeal. All Units Feature Modern Finishes Including Quartz Countertops, Updated Kitchens And Bathrooms, Luxury Vinyl Plank Flooring, And Appliances Less Than Four Years Old. Conveniently Located Near The Hospital, Highway 400, Schools, Shopping, And Transit, The Property Benefits From Strong Rental Demand And Long-Term Growth Fundamentals. Unit Breakdown: Unit A (Upper - 3 Bed / 1 Bath): Vacant On Closing; Currently Configured To Pay Its Own Hydro And 60% Of Main House Gas And Water. Unit B (Lower - 2 Bed / 1 Bath): Self-Contained, Separate Hydro, All-Inclusive Gas/Water (Currently Top Of Market Rent). Unit C (Garden Suite - 4 Bed / 2 Bath): Vacant On Closing; Fully Self-Contained With Separate Utilities. A Well-Positioned Income Property With Strong In-Place Infrastructure, Vacancy Flexibility, And Meaningful Upside. (id:27476)

Property Highlights

MLS® Number
S13023382
Type
Multi-family
Community Name
Wellington
Land Size
56 x 132.2 FT
Parking Space Total
6

Building

Building Type
Triplex
Square Footage
1500 - 2000 sqft
Bathrooms Total
4
Bedrooms Above Ground
5
Bedrooms Total
9
Amenities
Separate Electricity Meters
Exterior Finish
Brick, Vinyl siding
Fireplace Present
No
Basement Type
N/A
Basement Features
Apartment in basement
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
More info:
Sutton Group Innovative Realty Inc.
MLS® number:
S13023382
Agent:
Darya Strilyana
Phone:
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