$575,000
For sale: Multiplex

103 Mulcaster Street is a legally registered duplex ideally situated in the heart of downtown Barrie, just steps from Kempenfelt Bay, restaurants, city services, parks, and schools. This exceptional property offers a rare opportunity for both homeowners and investors, featuring five bedrooms, two full bathrooms, four parking spaces, separate entrances for each unit, two separate hydro meters, and two hot water tanks (one owned and one rented). Unit 1, located on the main floor, has been fully renovated and has never been lived in since completion. It includes brand new appliances, all with applicable manufacturer warranties, providing a truly turnkey living space. Unit 2, situated on the second floor, is currently tenanted at a premium rental rate, generating immediate income from day one. Perfect for first-time home buyers, this property offers the opportunity to live in a beautifully updated main-floor unit while using the rental income from the upper unit to help offset mortgage payments and reduce overall ownership costs.
Sold data
Multiplex homes in Barrie (Codrington) took a median of 33 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 55, across 45 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 99 days.
The median sale price was $699,900.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 13% of sellers reduced their price before finding a buyer.
Based on 45 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Barrie (Codrington) has 49 Fraser Institute–rated schools (39 elementary and 10 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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