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Codrington, Barrie
$800,000
Multiple Units, Multiple Possibilities! A fantastic opportunity featuring two registered units plus a fully finished basement apartment (non-legal), offering excellent flexibility and income potential. Situated on an exceptionally deep 206-ft lot, there may also be potential for a garden suite at the rear, subject to City approval.Ideal for investors looking to add to their portfolio-or for buyers wanting to live in one unit and offset their mortgage with rental income. A property with multiple income possibilities and plenty of potential!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,386 |
| Lot Size | 50 ft x 206 ft |
| mls© Number | S13803100 |
| Listed By | ROYAL LEPAGE FIRST CONTACT 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%
- $4,095
- Property tax
- $449
- Heat allowance
- $150
- Housing costs
- $4,694 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$144,000
gross annual household income
- Payment at 4%
- $3,367 / mo
- Cash down
- $160,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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