About 13 Henry Street
Located in downtown Barrie, this LEGAL TRIPLEX offers a strong investment opportunity with immediate income and future growth potential. The property is easy to rent, generates positive cash flow, and presents excellent potential for additional units and increased revenue.One unit is currently vacant, providing flexibility for an investor to set market rent or for owner-occupancy. All existing tenants are on month-to-month leases, offering added flexibility.Unit Breakdown: Unit 1: 1-bedroom (till May 31st 2027) -1$,495/month; Unit 2: 2-bedroom - $1,681/month; Unit 3: Studio - $1,943/month( All units are all-inclusive). 2025 Annual Expenses:Water: $1,404.89; Hydro: $2,675.84; Gas: $2,873.60. An added bonus is the generous lot size, offering significant development potential. Take advantage of Bill 23, More Homes Built Faster Act, 2022, which may allow for additional residential units, maximizing long-term value and income.
Features of 13 Henry Street
| MLS® # | S13657858 |
|---|---|
| Price | $625,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 1500-2000 |
| Type | Residential Freehold |
| Sub-Type | Triplex |
| Style | 1 1/2 Storey |
| Status | Active |
Community Information
| Address | 13 Henry Street |
|---|---|
| Area | Simcoe |
| Subdivision | Queen's Park |
| City | Barrie |
| Province | ON |
| Postal Code | L4N 1C5 |
Amenities
| Parking Spaces | 6 |
|---|---|
| # of Garages | 6 |
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Vinyl Siding |
|---|
Listing Details
| Office | RE/MAX By The Bay Brokerage |
|---|