29 Peel Street
Codrington, Barrie, L4M 3K9
FOR SALE
$849,999
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4
BEDROOMS4
BATHROOMS4
KITCHENS10
ROOMSS13034188
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Property Description
Rare opportunity to own a multi-unit investment property in a prime Barrie location, just steps to the waterfront and Georgian College. Set on a generously sized lot with no immediate neighbour to the right, this property backs onto a private, tree-lined ravine with nearby walking trails and a picturesque stream, offering a unique blend of privacy and urban convenience. Currently configured with four separate living areas (3 one-bedroom, 1 studio), the property offers strong income potential in a high-demand area. Financials attached. Recent updates include renovations to Unit 1 (kitchen, flooring, bathroom, dishwasher), new fridge (Unit 2), updated eavestroughs (2026), gutter guards at the front, and furnace (2021). Additional features include three separate hydro meters, three electrical panels, and two large hot water tanks. The unfinished basement offers further value-add potential with 8-foot ceilings, large above-grade windows, and partial framing already in place. Conveniently located minutes to Highway 400, downtown Barrie, and key amenities, making it an attractive option for both tenants and commuters.
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Property Features
Beach, Library, Park, School, Carpet Free, Separate Hydro Meter, Water Heater, Private
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Property Details
Address
29 Peel Street
Community
City
Postal Code
L4M 3K9
Property Type
Duplex, Duplex
Zoning
RP, RM2
Lot Size
50' x 133'
Taxes
$6,635 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Right At Home Realty
Incredible Versatility Meets Prime Location! 54 Springdale Drive presents a rare opportunity for extended families, multi-generational households, or buyers wanting a premium mortgage helper. Unlike restrictive up/down setups, this legal duplex was originally a classic sidesplit. It still retains that architectural flow, meaning it can easily be converted back into a large, cohesive single-family home down the road if desired. As it sits, the property offers two fantastic, self-contained living spaces renovated in 2017. The 3-bedroom configuration features a 4-piece bathroom plus a convenient 2-piece powder room. The 2-bedroom configuration includes its own 3-piece bath -both spaces feature independent laundry areas. Sitting on a premium double lot, you'll enjoy a massive backyard that is increasingly hard to find in Barrie. The expansive lot size makes it an ideal candidate for a future garden suite, giving you amazing long-term upside to build an additional garden suite for parents, adult children, or added rental income.Currently fully rented to reliable tenants, the property offers immediate financial stability. Located around the corner from major transit routes, elementary schools, and the endless amenities of Bayfield Street. A truly unique piece of real estate with multiple ways to win!
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