$699,999 - 66 Parkside Drive Unit #1, #2, Barrie
Multi-Family for Sale in Barrie
108 days on market- MLS Number
- S12750920
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 108
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RE/MAX HALLMARK CHAY REALTY
ATTENTION INVESTORS!!! Fantastic investment opportunity in a prime location! This turn-key legal duplex in Barrie's sought-after Queen's Park community offers a profitable investment or a perfect owner-occupied rental strategy. Featuring two fully self-contained rental units with separate entrances and laundry facilities, this property is designed for max rental income and long-term equity growth. Steps to public transit and key amenities as well as easy access to commuter routes and GO Train service. This well-maintained legal duplex detached two-storey century home showcases original brickwork, trim, interior doors, hand-sculpted ceilings, and columns - all adding character and charm to this beautifully renovated home. The larger 2-bedroom unit is connected to a 1-bedroom/two-storey unit facing Sophia Street, providing ample space for a growing family or an opportunity for rental income. Looking to build your real estate investment portfolio? Live in one unit and rent out the other to off-set overhead costs and build equity or rent out both units for steady monthly cash flow. The choice is yours! Take a look at this property and notice extensive upgrades with most areas renovated with modern features. Upgrades include cellulose insulation in exterior walls and attics of both units, LED lighting throughout, and electrical breaker panels in both units. Additional features of this home include two gas fireplaces, 9' ceilings, crown mouldings, built-in china cabinet, private front & rear entrances, covered porch, and 3-season sunroom. Two self-contained rental units. Includes appliances as shown, parking x 3.
Estimate your monthly payments for this property
Estimated Payment
$3,591.36/mo
Includes CMHC insurance ($19,530)
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.
66 Parkside Drive Unit #1, #2, 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 $350/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 108 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,917 (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.