3 Blue Mound Drive, Barrie, ON

Property Description

Legal Duplex On A Spacious Corner Lot With Established Income & Further Investment Potential!

Some properties simply give you more ways to make them work for you, and this legal duplex is one of them. Whether you’re an investor looking for an income-producing property, a family needing space for multiple generations, or a buyer who sees the value in having options for the future, this home offers a rare combination of flexibility, functionality, and opportunity in the heart of Barrie.

The main floor features a comfortable 3-bedroom, 1-bathroom living space, while the finished lower level provides a separate 2-bedroom, 1-bathroom apartment with its own kitchen and entrance. The two-unit layout allows each space to function independently, making it easy to envision a variety of living arrangements. Keep both units rented, live in one and rent the other, or create a setup that works for extended family – the choice is yours.

For those approaching the property from an investment perspective, the groundwork is already in place. Both units currently have reliable tenants, providing established monthly income from the outset. Six parking spaces add another practical advantage, with a double garage and four additional driveway spaces offering plenty of room for residents and guests alike.

Beyond the home itself, the spacious corner lot adds another layer of opportunity, with mature trees, generous green space, and a sense of openness that is hard to find in a central location. There may also be potential for a future garden suite, offering buyers another avenue to explore as they consider the property’s possibilities over time (subject to applicable requirements and approvals from the City of Barrie). 

The central location adds to the property’s appeal, with Barrie’s downtown core, restaurants, entertainment, shopping, schools, services, and everyday amenities all within easy reach. Its convenient City Centre setting offers the accessibility and lifestyle that can appeal to a wide range of residents and tenants. 

Whether the goal is to expand a portfolio, create a flexible living arrangement for family, or simply invest in a property with room to evolve, this legal duplex offers the versatility to support a range of plans. With an established income stream and plenty of possibilities to explore, it’s an opportunity to step in today and shape what comes next. 

Interested in this property? Contact The Peggy Hill Team today at (705)-739-4455 or book your showing here!