ON
Barrie (Cundles East)
L4M2Z9
158 CUNDLES E Road
158 CUNDLES E Road, Barrie (Cundles East), ON L4M2Z9
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Listing Type
Multi Family
Listing Status
Active
38
$649,888

Home Details for 158 CUNDLES E Road

Price
$649,888
Type
Residential Income
Bedrooms
5
Total Bathrooms
2
Days on site
32
Listing #
S12838428
Property Description

Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants who are currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognising strong rental demand from Georgian College students on the transit route. The current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor at the end of March, while the lower tenants have offered their notice for teh end of April. The property will then be fully vacant so you can choose your own Tenants - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Garage
    • 1
  • Parking
    • Attached
Listing Courtesy: KELLER WILLIAMS EXPERIENCE REALTY
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EXIT REALTY MATRIX, BROKERAGE
785 Notre Dame, PO BOX 1345 , Embrun, ON K0A 1W0
Nicolas Sigounis
License #: 6002787
Sales Representative
Office
613 443 4300
Agent
613 859 9331
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