Great Investment Property (Over 3,500 sq ft Of Living Space) With Very High Rental Income! Perfect For Investor Or You Can Move Into One Unit And Have Other Units Pay Your Mortgage! Garden Suites With A Basement Are No Longer Permitted To Be Built In Barrie So This Property Is A Unicorn. Basement Of Garden Suite Has A Legal Egress Window And Is Roughed-In (Kitchen & Laundry Hook-Ups) For A Separate Unit (Including Fire & Soundproofing Insulation And Fire-Rated Drywall--See Photos) And Has A Separate Entrance That Could Easily Be Closed Off To Make It Exclusive. Buyer To Do Due Diligence With City About Allowance Of 4th Unit. Property Has 6 Paved, Legal Parking Spaces (4/Front, 2/Back). Lower Unit Of Main House And Garden Suite Unit Were Both Built After 2018, So They Are Not Subject To Rent-Control Guidelines. Each Unit Has Its Own Hydro Meter. Garden Suite Also Has Its Own Gas & Water Meters. Each Unit Has Its Own Private Entrance, Is Completely Self-Contained And Has Its Own Laundry Unit. All Units Have Newer Appliances (All Less Than 3 Years Old), Quartz Countertops, Modern Kitchens & Bathrooms, And Luxury Vinyl Plank Flooring Throughout. Close to Hospital, Highway, Schools, Shopping, Public Transport and More! Unit A (Will Be Vacant Oct 1st - Upper: 3 Bed/1 Bath) Pays Own Hydro & 60% Gas & Water Of Main House. Unit B (Lower: 2 Bed/1 Bath) Pays Own Hydro & Is Inclusive Gas & Water. Unit C (Garden Suite: 4 Bed/2 Bath) Pays All Utilities & 33% Of Snow Removal. Net Operating Income (Income After Expenses): $73,230.61/year
Address
277 Grove Street E
List Price
$1,299,900
MLS® Status
New
Expiration Date
2026-06-01
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
Bungalow
Transaction Type
For Sale
Area
Barrie
Sub-Area
Wellington
Region
Simcoe
Bedrooms
5 + 4
Bedrooms (Total)
9
Rooms Above Grade
9
Rooms Below Grade
8
Bathrooms
4
Floor Area
1500 - 2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
132.19
Lot Size Units
Feet
Lot Width
56
Parcel Number
588260014
Occupant Type
Tenant
Cross Street
Grove and Duckworth
MLS® Number
S12312231
Listing Brokerage
EXP REALTY
Basement Area
Apartment, Finished
Postal Code
L4M 2R2
Posession Details
Immediate
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$6,974.07
Tax Year
2025
Interior Features
Accessory Apartment, Carpet Free, Floor Drain, On Demand Water Heater, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Storage, Sump Pump, Upgraded Insulation, Water Heater, Water Meter, Water Softener
Property Features
Public Transit, Hospital, Park, School
Cable
Available
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Niagara Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LOT 21 PLAN RP-1455, BARRIE
Waterfront
No
Sewer
Sewer