158 CUNDLES ROAD E, Barrie (Cundles East), Ontario, L4M2Z9

Property Description

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. Thisproperty suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants currently paying $1,870/month, 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.Current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor while the lower tenants continue month-to-month - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly 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. (id:64974)

Quick Facts

• Property Type: Duplex
• Style: Raised bungalow
• Bedrooms: 5 (3 above, 2 below)
• Bathrooms: 2
• Attached: Yes
• Parking: 3 spaces (Attached Garage, No Garage)
• Frontage: 50 ft (15.2 m)

Costs

• Annual Taxes: $4,292.00 (2026)

Listing Provided by: KELLER WILLIAMS EXPERIENCE REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.