$649,900 - 98 Donald Street, Barrie
Multi-Family for Sale in Barrie
42 days on market- MLS Number
- S13097834
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 42
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- KELLER WILLIAMS EXPERIENCE REALTY
LEGAL DUPLEX - MULTIGENERATIONAL LIVING - HEATED 20X30 FT WORKSHOP - LOCATION, LOCATION, LOCATION! Situated in a central Barrie location and mature neighbourhood, this legal duplex offers a practical and appealing opportunity for both homeowners and investors alike. With its flexible layout and strong income potential, this property is truly adaptable for a variety of lifestyles. The main unit features three bedrooms, including a main-floor primary bedroom, a 4-piece bathroom, a finished rec room, and additional storage space, creating a comfortable setting for family living. The second unit, a self-contained single-level, one-bedroom suite, comes complete with its own laundry, 4-piece bathroom, independent heat controls, and separate hydro meters allowing for added privacy and comfort. Rarely found in properties like this, you'll also find a heated 20' X 30' detached workshop, ideal for hobbyists, tradespeople, or anyone in need of a functional workspace. For those seeking to make homeownership more attainable, the option to live in one unit while renting out the other offers a smart path to affordable living, with income from the additional unit helping to offset mortgage payments. Or if you've been searching for a multigenerational property, you've found a truly affordable option! Set close to public transit routes and within walking distance to shopping, medical services, and Lake Simcoe, this location offers everyday convenience paired with lifestyle appeal. This well-rounded property delivers flexibility, income potential, and long-term value. Don't miss your opportunity to make it your own!
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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.
98 Donald 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 $433/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.
Market Position
At 42 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,708 (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.