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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 649,888

Est. payment | -/mo

5 Beds

2 Baths

Save

$ 649,888

Est. payment | -/mo

Save

5 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Cundles East

MLS Listing ID S12838428

Style Bungalow-Raised

Bedrooms 5

Annual Tax Amount $4,292

Tax Year 2025

Property Sub-Type Duplex

Property Description

Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants who are currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognising strong rental demand from Georgian College students on the transit route. The current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor at the end of March, while the lower tenants have offered their notice for teh end of April. The property will then be fully vacant so you can choose your own Tenants - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare.

Location

Province ON

County Simcoe

Area Simcoe

Zoning R2

Rooms

Family Room No

Basement Apartment, Separate Entrance, Full, Finished

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Floor Drain, In-Law Suite, Other, Primary Bedroom - Main Floor, Sump Pump, Water Heater, Water Meter

Cooling Central Air

Inclusions 2 x Fridge, 2 X Stove , 2 X Washer , 2 x Dryer

Exterior

Exterior Feature Year Round Living

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.0

Lot Depth 110.0

Total Parking Spaces 3

Building

Building Age 51-99

Foundation Poured Concrete

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN Yes

Listed by KELLER WILLIAMS EXPERIENCE REALTY

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+1(647) 493-3579

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158 CUNDLES RD E Barrie, ON L4M 2Z9