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Tony & Ledi Real Estate Team

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

$ 779,900

Est. payment | -/mo

7 Beds

2 Baths

Save

$ 779,900

Est. payment | -/mo

Save

7 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Grove East

MLS Listing ID S12991234

Style Bungalow

Bedrooms 7

Annual Tax Amount $4,461

Tax Year 2025

Property Sub-Type Detached

Property Description

Attention Investors and Multi-Generational Families! Fully licensed with the City of Barrie, this impressive 7-bedroom, 2,584 sq. ft. finished detached legal duplex presents a true turnkey opportunity with positive cash flow from day one. The property has consistently experienced strong rental demand and high occupancy under current ownership, making it a dependable income-generating asset.Ideally situated in an established neighbourhood near Georgian College and Royal Victoria Regional Health Centre, this home benefits from a prime rental location. At full occupancy, the property generates approximately $84,000 in gross annual income.Designed for functionality and tenant appeal, the property features two self-contained units, each with its own bathroom, along with two spacious kitchens, three refrigerators, and separate laundry facilities. The home is well-maintained as a non-smoking residence. The upper level offers three generously sized bedrooms, while the lower level includes three additional bedrooms. The former garage has been thoughtfully converted into additional living space, further enhancing usability and rental potential.Recent upgrades include a new roof (2021), furnace and air conditioning (2022), a newly finished basement (2025), a renovated upper-level bathroom, and a fully updated upper kitchen completed in 2026. With good standing tenants already in place, this is a seamless, income-producing investment opportunity.

Location

Province ON

County Simcoe

Area Simcoe

Zoning RES

Rooms

Family Room No

Basement Separate Entrance, Full, Finished

Kitchen 2

Separate Den/Office 3

Interior

Interior Features Sump Pump

Cooling Central Air

Inclusions Main Floor - Dishwasher, stove, fridge, washer / dryer, ELF's, Window Coverings. Lower Floor - fridge X2, stove, washer, dryer, microwave, window coverings.

Exterior

Exterior Feature Year Round Living

Parking Features Private, Private Double

Garage Spaces 4.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 39.43

Lot Depth 117.37

Total Parking Spaces 4

Building

Building Age 31-50

Foundation Unknown

Others

Senior Community No

ParcelsYN No

Listed by RE/MAX EXCELLENCE REAL ESTATE

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+1(647) 493-3579

info@tonyledi.com

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3 Hickling TRL Barrie, ON L4M 5V7