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Barrie, ON, L4M2Z9 • Cundles East • Simcoe County
Down payment assistance available
5Beds
2Baths
0.13 acLot
Waterfront Property
None
Bungalow-Raised Style
Bungalow-Raised architecture
Enhanced Security
Carbon Monoxide Detector(s) · Smoke Detector(s)
Garden Shed
Garden Shed
This home is getting attention
Listed 42 days ago · 48 views · 2 saves
Demand and pricing signals for this listing
48 views
People checking out this listing
2 saves
Buyers have saved this home
42 days on market
Established listing
This home ranks in the top 14% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family
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.
Based on current rates
Est. 6.75% rate · 30yr fixed · $519,910 loan
Full calculator →Key facts and listing details
12 categories of property features
9 rooms detailed
Primary Bedroom
MainBedroom
BasementBedroom
BasementBedroom2
MainBedroom3
MainDining Room
MainMarket data and value estimates
Barrie, ON, L4M2Z9
Local context around this listing
Barrie, ON • Simcoe County
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