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201 STEEL STREET, Barrie (Codrington) — listed at $729,999. Earn buyer cashback at closing. No catches, just more money in your pocket.
Attention investors! This registered two-unit raised bungalow offers immediate income opportunity with both units currently tenanted. This property offers $3700 of monthly cash flow. The main level features three bedrooms, a bright living and dining area, a kitchen, and a four-piece bathroom. The lower unit offers a separate entrance, kitchen, living area, bathroom, and two additional bedrooms. With approximately 1900 square ft of living space, this property is a great investment opportunity. Situated in one of Barrie's most sought-after neighbourhoods, this 60 x 100 ft lot features a spacious four-car driveway. Several recent improvements include; a new roof, upgraded attic insulation, tiled front steps with a new railing installed, landscaping and updated basement flooring. Conveniently located near the waterfront, hospital, schools, Georgian College, shopping, transit and highway. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.77 x 3.82 meters |
| Kitchen | Basement | 4.53 x 3.33 meters |
| Bedroom | Basement | 5.86 x 2.8 meters |
| Bedroom 2 | Basement | 4.94 x 2.51 meters |
| Laundry room | Basement | 3.36 x 2.66 meters |
| Bathroom | Basement | 1.82 x 1.87 meters |
| Other | Basement | 1.4 x 1.22 meters |
| Dining room | Main level | 3.25 x 2.31 meters |
| Kitchen | Main level | 3.44 x 3.78 meters |
| Bedroom | Main level | 3.48 x 3.78 meters |
| Bedroom 2 | Main level | 3.57 x 3.42 meters |
| Bedroom 3 | Main level | 2.45 x 3.42 meters |
| Bathroom | Main level | 2.4 x 2.17 meters |
| Foyer | Main level | 1.25 x 1.55 meters |
| Other | Main level | 0.96 x 1.76 meters |
| Living room | Basement | 4.92 x 3.33 meters |
Does it have a basement, and is it finished?+
The listing describes the basement as: Separate entrance, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,200, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Separate entrance, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Barrie (Codrington) before counting on it.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 4 spaces — No Garage.
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