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137 VANCOUVER STREET, Barrie (Codrington) — listed at $1,088,888. Earn buyer cashback at closing. No catches, just more money in your pocket.
3 Level Triplex on an Exceptional 330-Foot Deep Lot in Barrie's Popular East End! A rare opportunity to acquire a purpose-built triplex on an exceptionally large lot in Barrie's desirable east end. Located on Vancouver Street, this well-positioned investment property offers three self-contained apartments consisting of one-, two- and three-bedroom units, providing a strong foundation for both investors and owner-occupiers.The property sits on an impressive 52' x 330' lot, with approximately 180 feet of the property extending to a wider 56-foot frontage, creating valuable potential for generous private green spaces for each unit while still providing ample on-site parking. The property was originally comprised of two separate lots providing ample space for a possible garden suite or 2nd building.The approximately 3,060 sq. ft. all-brick building spans three levels and includes three storage sheds, common laundry, gas heating, separate hydro meters and individual hot water tanks. Tenants pay their own electricity and hot water, helping simplify operating costs for the owner.Significant rental upside exists, with current rents below market and an opportunity to increase income through effective management and future rent adjustments.An excellent opportunity for an investor seeking a solid multi-residential asset with income-growth potential-or for a first-time buyer looking to live in one unit while rental income from the other two apartments helps offset mortgage costs.Enjoy a well-established residential neighbourhood surrounded by attractive homes and close to Lake Simcoe's Kempenfelt Bay, parks, amenities and everything Barrie's east end has to offer. A unique combination of income potential, an exceptional lot and a desirable residential setting. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Lower level | 3.25 x 3.84 meters |
| Bedroom | Third level | 3.3 x 2.87 meters |
| Bedroom | Third level | 3.3 x 3.91 meters |
| Living room | Third level | 3.4 x 5.31 meters |
| Kitchen | Third level | 3.81 x 2.21 meters |
| Living room | Lower level | 5.28 x 3.33 meters |
| Bathroom | Third level | 2.5 x 1.5 meters |
| Kitchen | Lower level | 2.11 x 3.78 meters |
| Bathroom | Lower level | 2.5 x 1.5 meters |
| Bedroom | Main level | 3.38 x 3 meters |
| Bedroom | Main level | 3.35 x 3.91 meters |
| Living room | Main level | 3.4 x 5.23 meters |
| Kitchen | Main level | 2.18 x 3.76 meters |
| Bathroom | Main level | 2.5 x 1.5 meters |
| Bedroom | Third level | 3.3 x 2.06 meters |
Is 137 VANCOUVER STREET a good fit for a growing family?+
With 6 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, 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.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
What makes this a luxury property?+
At $1,088,888, standout features include 3 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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