39 Donald Street
Queen's Park, Barrie, L4N 1E4
FOR SALE
$760,000
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4 + 2
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 6 + 3
ROOMS S13010520
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Property Description
Excellent Investment Opportunity! Rare legal triplex offering three fully self-contained 2-bedroom units, each with separate entrances, delivering strong income potential and long-term rental appeal. All three units are currently fully leased, providing excellent rental income and immediate cash flow for investors.Well-maintained with numerous updates, including a newer stove in the main unit, self-contained laundry in the main unit, new self-contained laundry with new washer and gas dryer in the lower unit, and a new kitchen countertop and sink in the upper unit. Additional important upgrades include gas furnace, central air (2020), most windows replaced, and updated plumbing, plus separate supply improvements to each unit.The property features ample parking and a practical layout well suited to long-term tenancy. Ideally located in a convenient Barrie neighbourhood close to downtown amenities, transit, shopping, schools, parks, Highway, Dunlop exit 1.5 km and Lake Simcoe waterfront.Note: Interior photos were taken prior to current tenancies, when the units were vacant. All three units are tenanted. Minimum 48 hours' notice required for all showings.
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Property Features
In-Law Suite, Available
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Property Details
Address
39 Donald Street
Community
City
Postal Code
L4N 1E4
Property Type
Triplex, Triplex
Zoning
RM1
Lot Size
64' x 90'
Taxes
$5,478 (2025
Basement
Separate Entrance, Apartment
Exterior
Deck
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Sutton Group Incentive Realty Inc.
Calling all investors looking to add to their portfolio: this 2-storey legal triplex located in central Barrie with RM2 zoning is ideally situated just a short walk to the downtown core, the beautiful waterfront, marina, library, public transit and all amenities. Building also offers a separate room for coin laundry as additional income. The three units include two 2-bed units and one 1-bed unit, all offering large windows allowing for plenty of natural light and seasonal views of Kempenfelt Bay. Tenants appreciate the oversized driveway with parking for up to 4 cars and the private lot surrounded by mature trees, with Barrie's iconic Spirit Catcher in view from the driveway. Building is in need of updating, including new roof, eavestrough and siding, seller has quotes for reference upon serious inquiries.The three existing long-term tenants are month-to-month and would like to stay. Tenants pay their own hydro, and an efficient natural gas hot water boiler system heats the property. Seller may be open to a VTB. Please note: interior photos were taken prior to the current tenants moving in.
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Income-producing legal triplex situated on an approximately 66 ft x 132 ft RM2-zoned lot in one of Barrie's most historic neighbourhoods. This substantial circa-1888 red-brick property offers approximately 3,050 sq. ft. of living space comprised of two spacious 2-bedroom units and one large 1-bedroom unit, making it an excellent addition to an investment portfolio. Significant renovations and updates were completed in 2013 while preserving the property's character and charm. Located on historic Court House Hill and once home to former Barrie Alderman Edward Tyrer, this unique property offers investors the rare opportunity to own an income-producing asset with historical significance and long-term potential.
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