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Codrington, Barrie
$750,000
Welcome to 88C Clapperton Street, a fantastic investment opportunity in the heart of Barrie! This legal duplex is fully tenanted, offering immediate rental income with excellent long-term potential. The main-floor unit features a modern open-concept design with a spacious kitchen, dining area, and family room highlighted by a cozy gas fireplace. The stylish kitchen is equipped with stainless steel appliances, quartz countertops, a centre island, built-in microwave and dishwasher. The primary bedroom offers a walk-in closet and a 4-piece ensuite complete with double sinks and a glass shower. Step outside to enjoy the large deck overlooking a private, tree-lined backyard, providing plenty of outdoor space for relaxation. The lower-level unit is a bright and modern bachelor apartment featuring an open-concept layout, large windows that fill the space with natural light, laminate flooring, a generous closet, and a 3-piece bathroom. Located within walking distance to shopping, restaurants, parks, transit, and other everyday amenities, this turnkey income property is an excellent addition to any investment portfolio. Please note, the pictures are from prior to the tenant's taking possession. Buyer to verify zoning status with the Town of Barrie.
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| Type | Att/Row/Townhouse |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,107 |
| Lot Size | 23.33 ft x 142.45 ft |
| mls© Number | S13505628 |
| Listed By | RE/MAX PRIME PROPERTIES |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,839
- Property tax
- $426
- Heat allowance
- $150
- Housing costs
- $4,414 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$136,000
gross annual household income
- Payment at 4%
- $3,156 / mo
- Cash down
- $150,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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