Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants who are currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognising strong rental demand from Georgian College students on the transit route. The current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor at the end of March, while the lower tenants have offered their notice for teh end of April. The property will then be fully vacant so you can choose your own Tenants - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare. (id:58549)
| MLS® Number | S12838428 |
| Property Type | Multi-family |
| Community Name | Cundles East |
| Amenities Near By | Hospital, Park, Public Transit, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Features | Wooded Area, Level, Sump Pump, In-law Suite |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Structure | Shed |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a, N/a, Full, N/a (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1100 - 1500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
| Attached Garage | |
| No Garage |
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 110 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 110 Ft |
| Size Total Text | 50 X 110 Ft|under 1/2 Acre |
| Zoning Description | R2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Kitchen | 3.55 m | 4.5 m | 3.55 m x 4.5 m |
| Basement | Bedroom | 3.1 m | 2.9 m | 3.1 m x 2.9 m |
| Basement | Bedroom | 3.45 m | 3.1 m | 3.45 m x 3.1 m |
| Main Level | Kitchen | 4.38 m | 2.9 m | 4.38 m x 2.9 m |
| Main Level | Dining Room | 2.88 m | 2.71 m | 2.88 m x 2.71 m |
| Main Level | Living Room | 4.9 m | 3.6 m | 4.9 m x 3.6 m |
| Main Level | Primary Bedroom | 3.78 m | 3.03 m | 3.78 m x 3.03 m |
| Main Level | Bedroom 2 | 2.7 m | 2.99 m | 2.7 m x 2.99 m |
| Main Level | Bedroom 3 | 3.8 m | 2.7 m | 3.8 m x 2.7 m |
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29419751/158-cundles-road-e-barrie-cundles-east-cundles-east
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