33 Bannister Road, Barrie

Price: $919,000

4 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Multi-Family

MLS#: S12964976

Rare Opportunity To Own A Fully Functional Duplex Offering Two Complete Living Spaces Under One Roof! This Unique Property Features 2 Kitchens, 2 Dining Areas, 2 Great Rooms Providing True Flexibility For Multi-Family Living Or Rental Income Potential. Both Levels Offer Similar, Well-Designed Layouts With Spacious Bedrooms Including A Primary And Second Bedroom On Each Floor. Bright And Open Living Spaces Create A Comfortable And Inviting Atmosphere Throughout. Ideal For Investors Looking To Generate Strong Rental Income, Or Buyers Seeking The Option To Live In One Unit While Renting Out The Other. A Smart Investment With Endless Possibilities! Conveniently Located Close To Amenities, Schools, And Transit-Making It Highly Attractive For Tenants And Homeowners.

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$919,000 - 33 Bannister Road, Barrie

Multi-Family for Sale in Barrie

73 days on market
4Beds
4Baths
2,500 - 2,999Sq Ft
Multi-Family
Property Details
MLS Number
S12964976
Property Type
Multi-Family
Status
active
Days on Site
73
Bedrooms
4
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Barrie
Listing Brokerage
COLDWELL BANKER DREAM CITY REALTY
Description

Rare Opportunity To Own A Fully Functional Duplex Offering Two Complete Living Spaces Under One Roof! This Unique Property Features 2 Kitchens, 2 Dining Areas, 2 Great Rooms Providing True Flexibility For Multi-Family Living Or Rental Income Potential. Both Levels Offer Similar, Well-Designed Layouts With Spacious Bedrooms Including A Primary And Second Bedroom On Each Floor. Bright And Open Living Spaces Create A Comfortable And Inviting Atmosphere Throughout. Ideal For Investors Looking To Generate Strong Rental Income, Or Buyers Seeking The Option To Live In One Unit While Renting Out The Other. A Smart Investment With Endless Possibilities! Conveniently Located Close To Amenities, Schools, And Transit-Making It Highly Attractive For Tenants And Homeowners.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,714.95/mo

Includes CMHC insurance ($25,640)

$
$
5%10%50%

5-yr fixed avg.

Principal: $827,100Interest: $561,744
Mortgage Amount$852,740
Total Interest$561,744
Est. Property Tax$651/mo
Total Cost$1,414,484

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.

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Neighbourhood Guide: Barrie

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

33 Bannister Road, Barrie

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,550/mo
Range: $3,018 - $4,082
Cap Rate (ROI)
3.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,550
Maintenance Fees-$0
Property Tax (est.)-$651
Insurance (est.)-$191
Net Cash Flow+$2,708

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $368/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 73 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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Barrie. Good resale value as demand remains consistent.

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 $3,829 (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.

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    33 Bannister Road, Barrie | $919,000 | Battaglia Team