|Property TypeMulti-family||Lot Size0.27 acres|
Currently tenanted as a single family dwelling, this property provides the opportunity to convert this investment into two seperate residential dwellings - an upper 3-bdrm unit, and a lower 2-bdrm unit, already configured each with their own kitchen and bathroom, seperate entrances and shared laundry facilities. The large lot also boasts a workshop of over 800SF with heat and hydro, and soon to be running water and a 3-pc bathroom - separately tenanted at great rates andwho are willing to stay! Value add opportunity to build a garden suite in place of the shed for increased income, which is permitted by the City of Barrie. Currently a 3.7% cap rate with proforma cap rate of 6.03% (id:35071)
|Attached GarageYes||Open ParkingNo|
|Construction MaterialsWood frame||Frontage Length60 ft|
|Cooling TypeCentral air conditioning||CoolingYes|
|Number Of Units Total2||PoolNo|
|SewerMunicipal sewage system||Stories2|
Listing Office: Maven Commercial Real Estate Brokerage
Data Provided by Barrie & District Association of REALTORS® Inc.
Last Modified :14/07/2021 01:58:30 PM
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