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About this home
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.
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Rooms
9 rooms · 2 bathrooms
- Kitchen14′4″ × 9′6″137 sq.ft.
- Dining room9′5″ × 8′11″84 sq.ft.
- Living room16′1″ × 11′10″190 sq.ft.
- Primary bedroom12′5″ × 9′11″123 sq.ft.
- Bedroom 28′10″ × 9′10″87 sq.ft.
- Bedroom 312′6″ × 8′10″110 sq.ft.
- Kitchen11′8″ × 14′9″172 sq.ft.
- Bedroom10′2″ × 9′6″97 sq.ft.
- Bedroom11′4″ × 10′2″115 sq.ft.
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