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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

1,100 SqFt

Save

$ 649,888

Est. payment | -/mo

Save

5 Beds

2 Baths

1,100 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100 - 1500

Square Footage 1,100 sqft

Price per Sqft $590

Subdivision Cundles East

MLS® Listing ID S12838428

Style Raised bungalow

Bedrooms 5

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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 3.55 m X 4.5 m Kitchen

Extra Room 2 Basement 3.1 m X 2.9 m Bedroom

Extra Room 3 Basement 3.45 m X 3.1 m Bedroom

Extra Room 4 Main level 4.38 m X 2.9 m Kitchen

Extra Room 5 Main level 2.88 m X 2.71 m Dining room

Extra Room 6 Main level 4.9 m X 3.6 m Living room

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

Community Features Community Centre

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Raised bungalow

Listed by KELLER WILLIAMS EXPERIENCE REALTY

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158 CUNDLES ROAD E Barrie (cundles East), ON L4M2Z9