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Listed 3 months ago

4 East Street

Wellington, Barrie

$524,900

Detached|1 1/2 Storey
4 | 2 | 5
About this home

Ideally situated close to downtown Barrie, shopping, restaurants, waterfront amenities, transit and commuter routes, this unique century home offers immediate use and plenty of space. The home features four bedrooms and multiple living areas, along with a detached garage/workshop measuring approximately 41'6" x 15'6".The property may appeal to a variety of buyers-from those looking to renovate and restore its original character to investors and builders interested in exploring its future possibilities. The detached garage offers two tandem parking spaces plus a workshop area, a rare feature for an in-town property. Currently zoned RM2, with proposed zoning identified as NL1 as part of the City's evolving Official Plan. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, redevelopment potential and future opportunities. The Seller may be willing to provide a Seller/Vendor Take-Back Mortgage to a qualified buyer, subject to mutually agreeable terms and conditions, offering a potential financing option for those looking to bring their vision for the property to life. As one of Ontario's fastest-growing communities, with significant population growth projected over the coming decades, Barrie continues to offer exciting opportunities for homeowners and investors alike. Whether your vision is to renovate, invest or explore redevelopment possibilities, this property presents the chance to create something special. Property is being sold "as is, where is."

Extras

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  • Sun, Sep 27

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Got questions?

Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,564
Lot Size55 ft x 113 ft
mls© NumberS13513886
Listed ByRE/MAX HALLMARK CHAY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,687
Property tax
$380
Heat allowance
$150
Housing costs
$3,217 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $104,980
25-yr amortization

Income needed

$99,000

gross annual household income

Payment at 4%
$2,209 / mo
Cash down
$104,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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