32 Grove St W 1, 2, 3
Queen's Park, Barrie, L4N 1M7
FOR SALE
$895,000
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Property Description
Legal Triplex with two vacant units in Barrie! Investors! Add to your real estate portfolio! New to the real estate market? Start with this property - live in one unit, rent out the others to off-set your costs! Located in an ideal Barrie location close to all key amenities - shopping, services, restaurants, recreation, entertainment, transportation. Onsite parking. Key commuter routes - public transit, GO Train, easy highway access. This triplex investment property is situated on a large lot and offers three separate rental units (two currently vacant) | 1 bedroom, kitchen/living, bath, stacked laundry | 3 bedroom, kitchen, living room, bath, stacked laundry | 1 bedroom, kitchen, living room, bath, stacked laundry. Rents are inclusive. See statement, attached. Newer roof, siding.
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Extras
Detached triplex on a large lot close to all key amenities. Each of three units includes Fridge, Stove and Washer, Dryer (stackable). Two units are currently tenanted, one unit is vacant. Rents are inclusive. Newer Roof, Siding.
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
78' x 182'
Acreage
< .50
Lot Irregularities
178.74 x 78.23 x 182.74 x 76.96
Fronting
West
Taxes
$4,358 (2024)
Basement
Apartment, Sep Entrance
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | 3rd | 12.99' x 6.99' | |
Living | 3rd | 11.48' x 8.40' | |
Br | 3rd | 7.97' x 10.99' | |
Kitchen | Main | 15.98' x 11.98' | Combined W/Living |
2nd Br | Main | 12.99' x 8.99' | |
Kitchen | 2nd | 15.98' x 8.40' | |
Living | 2nd | 11.38' x 10.99' | |
3rd Br | 2nd | 9.84' x 8.99' | |
4th Br | 2nd | 12.99' x 8.99' | |
5th Br | 2nd | 12.99' x 10.99' |
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Barrie Market Statistics
Barrie Price Trend
32 Grove St W 1, 2, 3 is a 5-bedroom 3-bathroom home listed for sale at $895,000, which is $2,000 (0.2%) lower than the average sold price of $897,000 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Barrie declined by $105,971 (10.6%) compared to the previous 30 day period (November 19 - December 18) and down $20,000 (2.2%) from the same time one year ago.Inventory Change
There were 4 5-bedroom homes listed in Barrie over the last 30 days (December 19 - January 17), which is down 66.7% compared with the previous 30 day period (November 19 - December 18) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Barrie typically sold ($48,950) (5.5%) below asking price over the last 30 days (December 19 - January 17), which represents a $26,136 decrease compared to the previous 30 day period (November 19 - December 18) and ($30,450) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Barrie over the last 30 days (December 19 - January 17) stood at 50.0%, down from 58.3% over the previous 30 days (November 19 - December 18) and down from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Barrie stood at 16 days when successfully sold over the last 30 days (December 19 - January 17), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Chay Realty
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CALLING ALL INVESTORS & SAVVY BUYERS TRIPLEX IN PRIME BARRIE LOCATION WITH EXCEPTIONAL INCOME POTENTIAL! Discover this incredible legal non-conforming triplex, ideally situated on a generous 66 x 165 ft lot in the heart of Barrie. This multi-unit gem is zoned RM2 (SP-189), allowing for three or more dwelling units and even potential office use under specific conditions. With ample parking space accommodating ten cars in the driveway and additional room for 10+ vehicles, this property is ready to meet the demands of tenants and owners alike. Inside, you'll find two well-appointed 2-bedroom units and a bachelor unit, each equipped with a bathroom. Unit 1 boasts the convenience of in-suite laundry, while Units 2 and 3 offer shared laundry facilities in a common area. The upgraded main level and newer 200-amp electrical service, paired with updated shingles, provide added peace of mind and functional upgrades. Two of the three units are already tenanted, ensuring immediate income potential and a seamless transition for new owners. Ideally located close to downtown Barrie, this property offers easy access to restaurants, shops, parks, and the beautiful Lake Simcoe waterfront, with Highway 400 and public transit just minutes away. Don't miss your chance to own this centrally located triplex, perfectly designed for those seeking an established, multi-unit property with long-term potential!
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