47 Grove St E
Wellington, Barrie, L4M 2N9
FOR SALE
$974,000
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4 + 1
BEDROOMS4
BATHROOMS2 + 1
KITCHENS8 + 2
ROOMSS11965245
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Property Description
Legal Conforming Triplex 3 Units - Newly Renovated and Ready for You!Welcome to this beautifully renovated 3-unit building, where modern living meets comfort and convenience. Perfect for investors or those looking for multi-family living, this property boasts a range of contemporary upgrades that enhance both aesthetic appeal and functionality. Vacant Set your own rents! Main unit 3 Bedrooms, 2 Baths, + Den, In suite Laundry, Renovated Kitchen and Baths, new doors and several windows ,separate hydro meter, gas heat, own meter Unit 1 1 Bedroom, 1 Bath, In suite Laundry, Completely renovated , separate hydro, new windows and door. Heat Pump with backup baseboard heat Unit 2 Bachelor, 1 Bath, In suite Laundry, separate hydro meter, newly created, new windows and doors Heat Pump with backup baseboard heat Freshly Renovated Interiors: Each unit has been meticulously updated with modern finishes, ensuring a fresh and inviting atmosphere for residents. Modern Flooring and Fresh Paint: The property shines with new flooring throughout and fresh paint on every wall, creating a cohesive and modern look that is move-in ready.New sod laid front and back, large parking area Location:This prime location is not only a great investment opportunity but also offers easy access to local amenities, parks, schools, and public transportation, making it ideal for families and professionals alike.Investment Potential:With three distinct units, this building offers diverse rental income opportunities. Each unit is designed for comfort and efficiency, appealing to a wide range of tenants. One Director of Selling Corp is a Registered Real Estate Salesperson
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Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Triplex, Bungalow
Lot Size
64' x 112'
Fronting
South
Taxes
$4,574 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Heat Pump
Heat Source
Other
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Garage Type
None
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Barrie Market Statistics
Barrie Price Trend
47 Grove St E is a 4-bedroom 4-bathroom home listed for sale at $974,000, which is $11,026 (1.1%) higher than the average sold price of $962,974 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Barrie increased by $95,988 (11.1%) compared to the previous 30 day period (December 22 - January 20) and up $116,846 (13.8%) from the same time one year ago.Inventory Change
There were 86 4-bedroom homes listed in Barrie over the last 30 days (January 21 - February 19), which is up 50.9% compared with the previous 30 day period (December 22 - January 20) and up 28.4% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Barrie typically sold ($23,180) (2.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,254 decrease compared to the previous 30 day period (December 22 - January 20) and ($25,512) more 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 4-bedroom homes in Barrie over the last 30 days (January 21 - February 19) stood at 57.0%, up from 38.6% over the previous 30 days (December 22 - January 20) and up from 52.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Barrie stood at 20 days when successfully sold over the last 30 days (January 21 - February 19), compared to 81 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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This property is not just a home; it's a lucrative investment in one of Barrie's most desirable neighborhoods. With its high rental income potential and strategic location, this triplex is an exceptional opportunity for those looking to expand their real estate portfolio or step into the investment market with a property that promises both stability and growth. Nestled in the heart of Barrie, this triplex is steps away from downtown amenities including shopping, dining, entertainment, and public transit. Close to Georgian College, RVH, and Highway 400 for easy commuting. Two Rented units are at market rent and the basement unit is vacant to gain its full potential. This home is great for a first time investor or for the veteran investor looking to grow their portfolio
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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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Attention investors! Legal Triplex in prime location. Fully rented. All units have separate hydro meters and laundries. Unit 1: 1 1/2 storey plus basement, 2 bedrooms. Unit 2: 2 storey 3 bedrooms , Unit 3: basement 2 bedrooms. Detached Heated Garage. Back Steel Roof
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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 | 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. **EXTRAS** Detached triplex on a large lot close to all key amenities. Each of three units includes Fridge, Stove and Washer, Dryer (stackable). Three units are currently tenanted. Rents are inclusive. Newer Roof, Siding.
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