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Listed 8 days ago

117 Rose Street

Wellington, Barrie

$719,000

Detached|Bungalow
3 | 2 | 6
About this home

INVESTMENT & MULTI-GENERATIONAL OPPORTUNITY! Welcome to this beautifully maintained 3+3 bedroom, 2-bathroom home offering exceptional flexibility for first-time buyers, families, or investors. Featuring pot lights throughout, a functional layout, interlocking driveway with parking for at least 6 cars, and a convenient separate side entrance to the lower level. The basement offers excellent potential for a second living space, with legal basement building permits already approved, providing a strong pathway toward a legal duplex setup. Ideally located close to major schools, Georgian College, shopping, transit, and Highway 400. fantastic opportunity to live in, generate rental income, or create a legal two-unit investment. With the right setup and market rents, this property has the potential to generate $1,500+ in positive monthly cash flow. Don't miss this opportunity!

Extras

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Open houses

  • Sat, Sep 5

    12:00 PM – 2:00 PM

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Got questions?

Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,260
Lot Size54.46 ft x 100.06 ft
mls© NumberS13723032
Listed ByRE/MAX MILLENNIUM REAL ESTATE

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%
$3,680
Property tax
$522
Heat allowance
$150
Housing costs
$4,352 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $143,800
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$3,026 / mo
Cash down
$143,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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