$799,999
For sale: Multiplex

Rare opportunity to own a multi-unit investment property in a prime Barrie location, just steps to the waterfront and Georgian College. Set on a generously sized lot with no immediate neighbour to the right, this property backs onto a private, tree-lined ravine with nearby walking trails and a picturesque stream, offering a unique blend of privacy and urban convenience. Currently configured with four separate living areas (3 one-bedroom, 1 studio), the property offers strong income potential in a high-demand area. Financials attached. Recent updates include renovations to Unit 1 (kitchen, flooring, bathroom, dishwasher), new fridge (Unit 2), updated eavestroughs (2026), gutter guards at the front, and furnace (2021). Additional features include three separate hydro meters, three electrical panels, and two large hot water tanks. The unfinished basement offers further value-add potential with 8-foot ceilings, large above-grade windows, and partial framing already in place. Conveniently located minutes to Highway 400, downtown Barrie, and key amenities, making it an attractive option for both tenants and commuters.
Sold data
Homes in Codrington took a median of 28 days to sell over the last 365 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 52, across 47 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $700,000.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 47 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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