108 John Street, Barrie, ON

Virtual Tour

Property Description

Legal Duplex With Two Vacant Units, Separate Hydro Meters & Updated Mechanicals!

For investors looking to expand their portfolio, 108 John Street in Barrie offers the opportunity to acquire a legal duplex with two vacant units, rental income potential and quick occupancy available. With no existing tenancies to assume, buyers have the flexibility to establish new rental arrangements and determine how the property fits into their investment plans. Situated in the established Sanford neighbourhood, just minutes from downtown and the waterfront, this central location places residents close to restaurants, shopping, Centennial Beach and Allandale Waterfront GO Station, with quick access to Highway 400.

Set along a residential street with mature trees, this two-storey property features a traditional exterior, covered front porch and parking for three vehicles. The home is divided into two self-contained units with distinct floor plans, both of which have been freshly painted.

Unit A extends across the main and second floors, offering a two-bedroom layout with the living room on the main level and the kitchen and bedrooms upstairs. On the second floor, the kitchen features dark cabinetry, a backsplash and a window bringing in natural light. Two bedrooms offer closet storage and are accompanied by a 3-piece bathroom.

Unit B occupies the main floor, offering a one-bedroom layout with its own kitchen, living room and 4-piece bathroom. The kitchen features white cabinetry, contrasting dark countertops and a window overlooking the outdoors. The bedroom includes closet storage, while the bathroom features a tub and shower combination with the toilet situated in a separate water closet. With all principal rooms arranged on one level, this unit offers a different living arrangement from the two-storey unit.

Several improvements have already been completed, including a newer furnace, air conditioning, washer and dryer. Separate hydro meters allow electricity consumption to be measured independently for each unit. The backyard features mature trees and a storage shed, offering outdoor space and additional storage for residents.

For investors focused on building their portfolio, this property offers a blank slate to establish new tenancies and put their investment strategy into action. With the freedom to determine its next direction, it’s an opportunity to take an active role in shaping the property’s income potential.