Barrie L4M 2Z9 Ontario
MLS: S12838428
Added 1 hour ago | For Sale
Listed by: KELLER WILLIAMS EXPERIENCE REALTY
Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. Thisproperty suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognizing strong rental demand from Georgian College students on the transit route.Current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor while the lower tenants continue month-to-month - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Kitchen | 14 ft, 4 in x 9 ft, 6 in | |
| Dining Room | 9 ft, 5 in x 8 ft, 11 in | ||
| Living Room | 16 ft, 1 in x 11 ft, 10 in | ||
| Primary Bedroom | 12 ft, 5 in x 9 ft, 11 in | ||
| Bedroom 2 | 8 ft, 10 in x 9 ft, 10 in | ||
| Bedroom 3 | 12 ft, 6 in x 8 ft, 10 in | ||
| Basement | Kitchen | 11 ft, 8 in x 14 ft, 9 in | |
| Bedroom | 10 ft, 2 in x 9 ft, 6 in | ||
| Bedroom | 11 ft, 4 in x 10 ft, 2 in |
No property rooms available.
