48 ROSE Street, Barrie, Ontario

$899,900

4 Beds
4 Baths
3,100 Square Feet

Whether you’re looking to kickstart your real estate journey, expand your investment portfolio, or explore homeownership while having rental income help carry the costs, this property offers the flexibility you need. Invest or own in Barrie: Unlock a practical investment option with this 4-unit income property, conveniently located near Barrie’s waterfront. Just minutes from Allandale Station, the property is close to parks, schools, and public transit, with easy access to Highway 400 and the Bayfield Street corridor, featuring grocery stores and other amenities. Property Features: Location: Centrally situated, appealing to tenants seeking easy access to local amenities and recreational spaces. Demand: Barrie’s growing population ensures steady demand for rental housing, making this property a viable investment option. Income Potential: One of the upper-level 1-bedroom units has been recently renovated and is currently vacant, providing immediate potential for rental income. Each unit has separate meters, and some rents include utilities, offering flexible lease options. Additional Income Opportunities: On-site laundry facilities could be converted to coin-operated machines, creating an extra source of income to help offset expenses. Renovation Potential: Several units could use updates, providing opportunities for increased rental rates and value enhancement. Accessibility: The property offers convenient access to Highway 400 and is within walking distance of public transit routes and many amenities. Due to tenants privacy, photos available of the vacant unit (id:56241)

Listing ID: 40624414
Property Type: Multi-family
Year Built: 2001

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Details

Amenities Nearby: Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features: High Traffic Area, School Bus
Ownership: Freehold
Parking Spaces: 6
Transaction: For sale
Zoning Description: RM1

Building

BasementType: Partial (Unfinished)
Basement Development: Unfinished
Constructed Date: 2001
Cooling: Central air conditioning
Exterior Finish: Brick, Brick Veneer, Other
Fireplace Present: False
Bathrooms (Total): 4
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 3100 sqft
Stories Total: 2
Type: Fourplex
Utility Water: Municipal water

Land

Access Type: Road access, Highway access
Amenities: Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 65 ft

Listing provided by RE/MAX Hallmark Chay Realty Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 48 ROSE Street in Barrie Ontario. It was last modified on July 23rd, 2024. Contact Claire Weston to schedule a viewing or to discover other Barrie real estate for sale.

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