158 Cundles Road E Barrie, Ontario L4M 2Z9

$649,888

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. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants who are currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognising strong rental demand from Georgian College students on the transit route. The 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 at the end of March, while the lower tenants have offered their notice for teh end of April. The property will then be fully vacant so you can choose your own Tenants - 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. (id:61215)

Property Details

MLS® Number	S12838428
Property Type	Multi-family
Community Name	Cundles East
Amenities Near By	Hospital, Park, Public Transit, Schools
Community Features	Community Centre
Equipment Type	Water Heater
Features	Wooded Area, Level, Sump Pump, In-law Suite
Parking Space Total	3
Rental Equipment Type	Water Heater
Structure	Shed

Building

Bathroom Total	2
Bedrooms Above Ground	3
Bedrooms Below Ground	2
Bedrooms Total	5
Age	51 To 99 Years
Appliances	Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator
Architectural Style	Raised Bungalow
Basement Development	Finished
Basement Features	Apartment In Basement, Separate Entrance
Basement Type	N/a, N/a, Full, N/a (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Fire Protection	Smoke Detectors
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	1,100 - 1,500 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

Attached Garage
No Garage

Land

Acreage	No
Land Amenities	Hospital, Park, Public Transit, Schools
Sewer	Sanitary Sewer
Size Depth	110 Ft
Size Frontage	50 Ft
Size Irregular	50 X 110 Ft
Size Total Text	50 X 110 Ft|under 1/2 Acre
Zoning Description	R2

Rooms

Level	Type	Length	Width	Dimensions
Basement	Kitchen	3.55 m	4.5 m	3.55 m x 4.5 m
Basement	Bedroom	3.1 m	2.9 m	3.1 m x 2.9 m
Basement	Bedroom	3.45 m	3.1 m	3.45 m x 3.1 m
Main Level	Kitchen	4.38 m	2.9 m	4.38 m x 2.9 m
Main Level	Dining Room	2.88 m	2.71 m	2.88 m x 2.71 m
Main Level	Living Room	4.9 m	3.6 m	4.9 m x 3.6 m
Main Level	Primary Bedroom	3.78 m	3.03 m	3.78 m x 3.03 m
Main Level	Bedroom 2	2.7 m	2.99 m	2.7 m x 2.99 m
Main Level	Bedroom 3	3.8 m	2.7 m	3.8 m x 2.7 m

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/29419751/158-cundles-road-e-barrie-cundles-east-cundles-east