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$674,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
92%
ALLANDALE HEIGHTS COMPLETELY RENOVATED VACANT LEGAL DUPLEX WITH TWO SEPARATE YARDS! This modern home offers a fully legal second suite registered in 2020! As a duplex it presents exceptional flexibility for buyers seeking mortgage-offset income, improved TDS ratios for financing, multi-generational living, or a strong investment property in a high-demand neighbourhood. The home sits on a 50' lot with deck & shed and is completely turnkey, offering detailed finishes throughout. The main level features a bright three-bedroom layout with a spacious living room, dedicated dining area, an updated kitchen, an ultra-modern four-piece bath, and its own separate laundry. Large windows and clean contemporary finishes create an inviting space that feels fresh and move-in ready. The lower level is a registered legal apartment offering two bedrooms, a full second kitchen, a generous living room, full bath and private laundry. This suite also enjoys its own yard, giving both units independence and privacy rarely found in duplex properties.With five total bedrooms, two full baths, two kitchens, two laundries, and two separate yards, the property provides outstanding versatility for comfortable living and income potential. Park in the attached garage or the large drive with four additional spaces. (total of 5 car parking) Located in the heart of Allandale, the home is close to parks, schools, shopping, transit, and Barrie's waterfront. The property is vacant, making it easy to show and allowing for a quick closing. With no tenants, buyers can move forward without complications or delays. (id:66811)
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Monthly debt service
$3K
Projected NOI
$27K
Annual cash flow
$-11K
Cash-on-cash
-5.34%
DSCR
0.71
Going-in cap
3.94%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
55,538
Households
23,985
Median income
$133,500
Median age
39.2
Daytime population
83,049
5-yr growth
5.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 118 MARSHALL STREET, Barrie (Allandale Heights).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.