$499,999
For sale: Multiplex

LEGAL DUPLEX WITH TWO VACANT UNITS, SEPARATE HYDRO METERS & UPDATED MECHANICALS! For investors looking to expand their portfolio, 108 John Street offers potential rental income, quick occupancy and the opportunity to establish new tenancies without assuming existing leases. Situated in Barrie's established Sanford neighbourhood, just minutes from downtown and the waterfront, the property is close to restaurants, shopping, Centennial Beach and Allandale Waterfront GO Station, with quick access to Highway 400. The two-storey home is configured into two self-contained units, each with its own kitchen and living room. Unit A occupies the main and second floors, offering two bedrooms and a 3-piece bathroom, while Unit B is located entirely on the main floor with one bedroom and a 4-piece bathroom. Both units have been freshly painted, while separate hydro meters allow electricity usage to be tracked individually. A newer furnace, air conditioning, washer and dryer are already in place, along with three parking spaces and a backyard storage shed. Rather than inheriting an established rental operation, investors have the freedom to determine how this property fits into their portfolio.
Sold data
Homes in Barrie (Sanford) took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 51, across 445 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $649,999.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 445 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Barrie (Sanford) 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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