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$ 1,189,900
Est. payment /mo
New
277 Grove ST E Barrie, ON L4M 2R2
9 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Wellington
MLS Listing ID S13023382
Style Other
Bedrooms 9
Annual Tax Amount $6,974
Tax Year 2025
Property Sub-Type Triplex
Appx SqFt 1500-2000
Property Description
A Rare Opportunity In Barrie's Evolving Rental Market, This Purpose-Built Multi-Unit Property Offers Strong Versatility For Both Investors And End Users. With The Upper Unit Of The Main House And The Garden Suite Being Delivered VACANT, Buyers Have The Immediate Ability To Set Market Rents On Two Units Or Occupy And Offset Living Costs. A Standout Feature Is The Garden Suite (2-Level, 1475 sq ft), As New Garden Suites With Basements Are No Longer Permitted In Barrie, Making This Configuration Increasingly Scarce. The Lower Level Includes A Legal Egress Window, Rough-Ins For A Kitchen And Laundry, And Existing Fire And Soundproofing, Offering Future Flexibility (Potential For A Fourth Unit). The Property Offers Six Legal Paved Parking Spaces (Four Front, Two Rear) And Fully Self-Contained Units, Each With Private Entrances And In-Suite Laundry. The Lower Unit Of The Main House And The Garden Suite Were Both Built Post-2018 And Are Not Subject To Rent-Control Guidelines. Each Unit Is Separately Metered For Hydro, With The Garden Suite Also Having Its Own Gas And Water Meters, Supporting Clean Expense Separation And Strong Investor Appeal. All Units Feature Modern Finishes Including Quartz Countertops, Updated Kitchens And Bathrooms, Luxury Vinyl Plank Flooring, And Appliances Less Than Four Years Old. Conveniently Located Near The Hospital, Highway 400, Schools, Shopping, And Transit, The Property Benefits From Strong Rental Demand And Long-Term Growth Fundamentals. Unit Breakdown: Unit A (Upper - 3 Bed / 1 Bath): Vacant On Closing; Currently Configured To Pay Its Own Hydro And 60% Of Main House Gas And Water. Unit B (Lower - 2 Bed / 1 Bath): Self-Contained, Separate Hydro, All-Inclusive Gas/Water (Currently Top Of Market Rent). Unit C (Garden Suite - 4 Bed / 2 Bath): Vacant On Closing; Fully Self-Contained With Separate Utilities. A Well-Positioned Income Property With Strong In-Place Infrastructure, Vacancy Flexibility, And Meaningful Upside.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Separate Den/Office 4
Interior
Interior Features Accessory Apartment, Carpet Free, Water Softener, Upgraded Insulation, Separate Hydro Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 56.0
Lot Depth 132.19
Total Parking Spaces 6
Building
Foundation Concrete Block
Others
ParcelsYN No
Virtual Tour https://youtu.be/XTdhYk_dQyY
Listed by EXP REALTY
NEARBY SCHOOLS & PROPERTIES
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