All photos · 23

Queen's Park

13 HENRY Street, Barrie, ON L4N 1C5

$650,000

Beds

4

Baths

n/a

Type

Commercial

About this home

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.

Heating

  • · Gas Forced Air Closed

Cooling

  • · No

What it could cost monthly

Estimated monthly

$2,977

Principal & interest, per month


Mortgage amount
$520,000
Down payment
$130,000
Total interest paid
$372,976

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing brokerage

RE/MAX By The Bay Brokerage

Each office independently owned and operated.