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11 DAPHNE CRESCENT, Barrie (Cundles East) — listed at $698,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to 11 Daphne Crescent, a thoroughly renovated LEGAL DUPLEX bungalow and exceptional income property with pride of ownership throughout. Ideal for an investor seeking rental income, a homeowner offsetting their mortgage with a second suite, or a family looking for a flexible multigenerational or in-law living arrangement with separate living spaces. It offers investment security and versatility: $50,400/year ($4,200/month) in gross rent, plus over $100,000 in upgrades in the last 7 years, already done for you.Meticulous updates include a complete roof replacement (sheathing, insulation, shingles, soffits, fascia, and gutters), high-end Kempenfelt Windows, furnace and A/C, 100-amp electrical panel, water softener, washer/dryer, and reverse osmosis drinking water filtration.Both units feature updated kitchens with white cabinetry, new countertops, Moen faucets, and stainless (wifi enabled) appliances. Upstairs has a hexagon backsplash, brass hardware, and a dishwasher; downstairs has a herringbone backsplash. Both bathrooms are equally new, with the upstairs vanity built from marine-grade plywood cabinetry for long-term durability. Wide-plank flooring with added sound barrier runs throughout both units.Coin laundry adds roughly $1,200/year. Each unit has its own indoor storage area and dedicated outdoor storage shed, in a fenced backyard with a new deck and garbage enclosure. Walking distance to parks and schools, minutes from Bayfield Street shopping, Royal Victoria Hospital, and Georgian College, with easy Highway 400 access. VACANT POSSESSION!!! Both tenants have given notice, giving the new owner the chance to move in or choose tenants and set new rental rates. This is an ideal turnkey investment property. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.38 x 3.25 meters |
| Kitchen | Main level | 3.95 x 3.29 meters |
| Dining room | Main level | 3.82 x 2.23 meters |
| Primary Bedroom | Main level | 3.69 x 3.52 meters |
| Bedroom 2 | Main level | 3.53 x 3.31 meters |
| Bedroom 3 | Main level | 2.77 x 2.66 meters |
| Living room | Lower level | 5.86 x 3.71 meters |
| Kitchen | Lower level | 3.39 x 2.94 meters |
| Primary Bedroom | Lower level | 5.55 x 3.48 meters |
| Laundry room | Lower level | 3.85 x 3.53 meters |
What's the parking situation?+
This property includes 5 spaces — No Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,367, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Separate entrance, N/A, N/A, 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 (Cundles East) before counting on it.
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