277 Grove Street E Barrie, Ontario L4M 2R2
$1,299,900
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 (id:62616)
Property Details
| MLS® Number | S12312231 |
| Property Type | Multi-family |
| Community Name | Wellington |
| Amenities Near By | Public Transit, Hospital, Park, Schools |
| Features | Carpet Free, Sump Pump |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 9 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater - Tankless, Water Heater, Water Meter, Water Softener, Dishwasher, Microwave, Stove, Refrigerator |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a (finished) |
| Construction Status | Insulation Upgraded |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Hospital, Park, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft ,2 In |
| Size Frontage | 56 Ft |
| Size Irregular | 56 X 132.2 Ft |
| Size Total Text | 56 X 132.2 Ft |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28663936/277-grove-street-e-barrie-wellington-wellington
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July 30 2025 12:26:44
Niagara Association of REALTORS®
Exp Realty