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About the Listing 201702 -
Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from the basement apartment, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognizing strong rental demand from Georgian College students on the transit route. Both units are now fully vacant, offering immediate vacant possession so you can choose your own tenants or move in, an ideal blend of flexibility and rental upside. Both units have been professionally managed, and that property management relationship can be transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare. Previous rental income: basement apartment $1,870/month, upper $2408/month combined $4,278/month.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Multi-Family
MLS ®
S13245692
Year Built
Total Square Footage
1,100
Lot/Acreage
5500.35
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Separate Entrance,Full,Finished
- Other: Floor Drain,In-Law Suite,Primary Bedroom - Main Floor,Sump Pump,Water Heater,Water Meter,2 Kitchens
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Asphalt Shingle
- Others: Year Round Living,Hospital,Park,Public Transit,Rec./Commun.Centre,School,Wooded/Treed
- Sewer: Sewer
- Parking Features: Private Double,Attached,Has Garage
Financial Details
- Tax Amount: $4,292
- Taxes w/Assessments: N/A
- Tax/Property ID: 588070221
- Tax Year: 2025
Payment Calculator
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Questions About..
158 Cundles Rd E Barrie, ON L4M 2Z9
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