$1,189,900 - 277 Grove Street, Barrie
Multi-Family for Sale in Barrie
54 days on market- MLS Number
- S13023382
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 54
- Bedrooms
- 9
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- EXP REALTY
A Rare Opportunity In Barrie's Evolving Rental Market, This Purpose-Built Multi-Unit Property Offers Strong Versatility For Both Investors And End Users. A Standout Feature Is The Garden Suite (2-Level, 1475 sq ft), As New Garden Suites With Basements Are No Longer Permitted In Barrie, Making This Configuration Increasingly Scarce. The Lower Level Includes A Legal Egress Window, Rough-Ins For A Kitchen And Laundry, And Existing Fire And Soundproofing, Offering Future Flexibility (Potential For A Fourth Unit). The Property Offers Six Legal Paved Parking Spaces (Four Front, Two Rear) And Fully Self-Contained Units, Each With Private Entrances And In-Suite Laundry. The Lower Unit Of The Main House And The Garden Suite Were Both Built Post-2018 And Are Not Subject To Rent-Control Guidelines. Each Unit Is Separately Metered For Hydro, With The Garden Suite Also Having Its Own Gas And Water Meters, Supporting Clean Expense Separation And Strong Investor Appeal. All Units Feature Modern Finishes Including Quartz Countertops, Updated Kitchens And Bathrooms, Luxury Vinyl Plank Flooring, And Appliances Less Than Four Years Old. Conveniently Located Near The Hospital, Highway 400, Schools, Shopping, And Transit, The Property Benefits From Strong Rental Demand And Long-Term Growth Fundamentals. Current Unit Breakdown: Unit A (Upper - 3 Bed / 1 Bath): Self-Contained, Separate Hydro, 60% Of Main House Gas And Water. Unit B (Lower - 2 Bed / 1 Bath): Self-Contained, Separate Hydro, All-Inclusive Gas/Water. Unit C (Garden Suite - 4 Bed / 2 Bath): Fully Self-Contained With Separate Utilities. A Well-Positioned Income Property With Strong In-Place Infrastructure, Vacancy Flexibility, And Meaningful Upside.
Estimate your monthly payments for this property
Estimated Payment
$5,263.33/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Barrie
Barrie is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Barrie
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Barrie offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
277 Grove Street, Barrie
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $793/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 54 days on site, this property has exceeded the typical selling timeline for Barrie. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Excellent Flexibility
With 9 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Barrie.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Barrie properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.