48 Rose St

400 North, Barrie, L4M 2T2
FOR SALE
$875,000
48 Rose St, Barrie
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
48 Rose St
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4
BEDROOMS
4
BATHROOMS
4
KITCHENS
17
ROOMS
S12013850
MLSID
Contact Us
Property Description
Separate hydro meters for each unit: Common Area for Laundry room: Invest in Barrie: 4-Unit Income Property with Steady Cash Flow. Whether starting your real estate journey, expanding your investment portfolio, or looking for a property with rental income to help offset costs, this well-located 4-unit income property in Barrie provides the flexibility and potential you need. Located just minutes from Barrie's picturesque waterfront, this property is ideally situated near Allandale Station and offers easy access to Highway 400, parks, schools, public transit, and the Bayfield Street corridor with shopping and other essential amenities. Property Highlights: Prime Location: Centrally positioned with easy access to local amenities, public transit, and recreational spaces, this property is in high demand among tenants. Fully Rented: With all units currently leased, including two new tenants, you'll enjoy steady cash flow from day one. Income Potential: One of the upper-level 1-bedroom units was recently renovated, providing an opportunity to command higher rents and attract quality tenants. Separate Meters & Utilities Flexibility: Each unit has its own separate meter. Additional Income Opportunity: On-site laundry facilities could be converted into coin-operated machines, providing an extra source of revenue to help offset operating costs. Renovation Potential: Several units could benefit from updates, allowing for increased rental rates and enhanced property value. Accessibility: The property offers excellent access to Highway 400 and is within walking distance of public transit and a wide range of amenities. A solid, fully-rented investment opportunity with room for growth in Barrie's rental market.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-23 2024-10-31 100 $899,900 - Expired
Property Details
Street
Community
City
Property Type
Fourplex, 2-Storey
Lot Size
65' x 135'
Acreage
.50-1.99
Fronting
West
Taxes
$4,597 (2024)
Basement
Part Bsmt, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Parking Spaces
8
Garage Type
None
Barrie Market Statistics
Barrie Price Trend
48 Rose St is a 4-bedroom 4-bathroom home listed for sale at $875,000, which is $87,974 (9.1%) lower 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 Re/Max Hallmark Chay Realty
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