Legal triplex offered at $649,900 with annual rental income of $58,560 and an approximately 5.6% cap rate based on seller-reported income and expenses. Professionally managed and fully tenanted, this Barrie investment property features two spacious two-bedroom units and one large one-bedroom unit, along with six parking spaces. Income and expense information fro all three units, and floor plans for two units are available for review. Situated on historic Court House Hill in the established Codrington neighbourhood, this substantial circa-1888 red-brick building combines rental income with distinctive character. Significant renovations completed in 2013 included kitchens, bathrooms and more. The furnace and shingles date to 2013, and an on-demand hot water system was installed in 2025.An opportunity to add a three-unit income property to your portfolio in an established Barrie neighbourhood. All tenants are currently month to month. Buyer to verify financial information. (id:67934)
| MLS® Number | S14099342 |
| Property Type | Multi-family |
| Community Name | Codrington |
| Features | Sump Pump |
| Parking Space Total | 6 |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Water Heater - Tankless |
| Basement Type | Partial |
| Cooling Type | None, Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Other |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 128 Ft |
| Size Frontage | 65 Ft ,3 In |
| Size Irregular | 65.3 X 128 Ft |
| Size Total Text | 65.3 X 128 Ft |
| Zoning Description | Rm2 |
https://www.realtor.ca/real-estate/30424444/9-penetang-street-barrie-codrington-codrington
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