13 Henry Street
Queen's Park, Barrie, L4N 1C5
FOR SALE
$625,000
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3
BEDROOMS 3
BATHROOMS 3
KITCHENS 10
ROOMS S13657858
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Property Description
Located in downtown Barrie, this LEGAL TRIPLEX offers a strong investment opportunity with immediate income and future growth potential. The property is easy to rent, generates positive cash flow, and presents excellent potential for additional units and increased revenue.One unit is currently vacant, providing flexibility for an investor to set market rent or for owner-occupancy. All existing tenants are on month-to-month leases, offering added flexibility.Unit Breakdown: Unit 1: 1-bedroom (till May 31st 2027) -1$,495/month; Unit 2: 2-bedroom - $1,681/month; Unit 3: Studio - $1,943/month( All units are all-inclusive). 2025 Annual Expenses:Water: $1,404.89; Hydro: $2,675.84; Gas: $2,873.60. An added bonus is the generous lot size, offering significant development potential. Take advantage of Bill 23, More Homes Built Faster Act, 2022, which may allow for additional residential units, maximizing long-term value and income.
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Property Features
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Property Details
Address
13 Henry Street
Community
City
Postal Code
L4N 1C5
Property Type
Triplex, Triplex
Zoning
RM1
Lot Size
66' x 165'
Taxes
$5,139 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Re/Max By The Bay Brokerage
Attention Investors & First-Time Buyers! Here's an opportunity to own a well-managed legal triplex offering positive cash flow and an excellent cap rate in the Barrie market. Featuring three fully rented units, a proven rental history, and little to no vacancy, this property is positioned to perform from day one. Excellent AAA rental profile with all tenants in good standing.Inside, spacious layouts, soaring ceilings, large windows, and timeless Victorian character create bright, inviting living spaces with strong tenant appeal. Significant improvements were completed in 2025, including upgraded electrical service to the property along with the replacement of both the furnace and central air conditioning. In addition, the main sewer line from the property to the municipal connection was replaced after the original line had collapsed-another substantial infrastructure upgrade already taken care of.Ideally situated in one of Barrie's desirable lakeside pockets, the property offers an attractive combination of income, location, and long-term investment potential. For investors, the fully tenanted setup provides reliable income today with future rental growth potential. For first-time buyers, rental income can help offset mortgage costs while building equity in a sought-after location.Whether expanding your portfolio or looking for a smart entry into homeownership, this versatile triplex delivers cash flow, character, major recent improvements, and strong investment fundamentals. A rare opportunity in a prime Barrie location!
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