About this property

Located in downtown Barrie, this LEGAL TRIPLEX offers a strong investment opportunity with immediate income and future growth potential. The property is easy to rent, generates positive cash flow, and presents excellent potential for additional units and increased revenue.One unit is currently vacant, providing flexibility for an investor to set market rent or for owner-occupancy. All existing tenants are on month-to-month leases, offering added flexibility.Unit Breakdown: Unit 1: 1-bedroom (vacant) - estimated market rent ~$1,600/month; Unit 2: 2-bedroom - $1,681/month; Unit 3: Studio - $1,943/month( All units are all-inclusive). 2025 Annual Expenses:Water: $1,404.89; Hydro: $2,675.84; Gas: $2,873.60. An added bonus is the generous lot size, offering significant development potential. Take advantage of Bill 23, More Homes Built Faster Act, 2022, which may allow for additional residential units, maximizing long-term value and income.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	S13055392
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	1,600 sq ft
Beds / Baths	4 bed · 0 bath
Neighbourhood	Queen's Park
City	Barrie
Postal Code	L4N 1C5
Province	ON
Listed Date	April 28, 2026
Days on Market	100
Price per Sq Ft	$391
Brokerage	RE/MAX By The Bay Brokerage