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Codrington, Barrie
$759,999
Attention investors! This registered two-unit raised bungalow offers immediate income opportunity with both units currently tenanted. This property offers $3700 of monthly cash flow. The main level features three bedrooms, a bright living and dining area, a kitchen, and a four-piece bathroom. The lower unit offers a separate entrance, kitchen, living area, bathroom, and two additional bedrooms. With approximately 1900 square ft of living space, this property is a great investment opportunity. Situated in one of Barrie's most sought-after neighbourhoods, this 60 x 100 ft lot features a spacious four-car driveway. Several recent improvements include; a new roof, upgraded attic insulation, tiled front steps with a new railing installed, landscaping and updated basement flooring. Conveniently located near the waterfront, hospital, schools, Georgian College, shopping, transit and highway.
No extras listed.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,200 |
| Lot Size | 60 ft x 100 ft |
| mls© Number | S13639300 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $3,890
- Property tax
- $433
- Heat allowance
- $150
- Housing costs
- $4,473 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$138,000
gross annual household income
- Payment at 4%
- $3,198 / mo
- Cash down
- $152,000
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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